PRAECIS PHARMACEUTICALS INC 4
4 · PRAECIS PHARMACEUTICALS INC · Filed Jun 1, 2005
Insider Transaction Report
Form 4
WAGNER RICHARD W
EVP, Discovery Research
Transactions
- Award
Stock Option (Right to Buy)
2005-05-27+250,000→ 250,000 totalExercise: $0.67From: 2006-05-27Exp: 2015-05-27→ Common Stock, par value $.01 per share (250,000 underlying)
Holdings
- 7,085
Common Stock, par value $.01 per share
Footnotes (3)
- [F1]Includes 3,876 shares acquired under the PRAECIS Employee Stock Purchase Plan on January 2, 2005.
- [F2]The term of the option is ten years from the date of grant.
- [F3]These options vest and become exercisable over a four-year period. Options with respect to 25% of the shares vest and become exercisable on May 27, 2006, and options with respect to the remaining shares vest and become exercisable in equal monthly installments thereafter. These options shall vest and become immediately exercisable under certain circumstances in connection with a change of control of the Company.