DERMA SCIENCES, INC. 4
4 · DERMA SCIENCES, INC. · Filed May 26, 2005
Insider Transaction Report
Form 4
KEIM RICHARD
Director
Transactions
- Award
stock option (right to buy)
2005-05-25+70,000→ 740,000 total(indirect: see note)Exercise: $0.42From: 2005-05-25Exp: 2015-05-12→ common stock (70,000 underlying)
Footnotes (3)
- [F1]Options for 55,000 shares vest immediately and options for the remaining 15,000 shares vest at the rate of 5,000 per year starting on May 25, 2006.
- [F2]The options were issued in consideration of the reporting person's services to the issuer and without payment of cash consideration.
- [F3]Of the total reported, 300,000 shares are subject to options owned directly by Mr. Keim; 361,988 shares are subject to warrants owned by Kensington Partners L.P., of which Mr. Keim is the general partner; and 78,012 shares are subject to warrants owned by Bald Eagle Fund Ltd., of which Mr. Keim is the general partner.