KALFUS RON 4
4 · MABCURE INC. · Filed May 25, 2011
Insider Transaction Report
Form 4
MABCURE INC.MBCI
KALFUS RON
CFO, Secretary and Treasurer
Transactions
- Award
Stock Option (Right to Buy)
2011-05-19+1,000,000→ 1,180,000 totalExercise: $0.50→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]The vesting schedule for the stock options is as follows: Options to purchase 400,000 shares of Common Stock vest at the closing of an equity raise, debt, or other financing transaction with net aggregate proceeds to the Issuer of at least $200,000. Options to purchase 400,000 shares of Common Stock vest on May 19, 2012. Options to purchase 200,000 shares of Common Stock vest on May 19, 2013. The Company issued on August 10, 2009, 180,000 options to purchase Common Stock of which 120,000 have vested and are exercisable and 60,000 are to vest on August 10, 2011.
- [F2]The Expiration Date is five years from the date of vesting of each portion of the stock options.