Hewlett Brett 4
4 · DERMA SCIENCES, INC. · Filed Dec 21, 2012
Insider Transaction Report
Form 4
Hewlett Brett
Director
Transactions
- Award
Common Stock
2012-12-20+15,000→ 887,880 total(indirect: By Comvita Limited)
Footnotes (3)
- [F1]The shares of common stock reported herein represent restricted stock units issued under the issuer's equity incentive plan in consideration of the reporting person's services to the issuer and will vest as to 25% of the shares on the first, second, third and fourth anniversaries of the grant date so long as the reporting person is a director of the issuer. Any unvested restricted stock units will vest immediately upon a Change in Control (as defined in the issuer's equity incentive plan) of the issuer while the reporting person remains a director of the issuer.
- [F2]Upon vesting, the reporting person will receive the number of shares of the issuer's common stock equal to the number of restricted stock units previously granted, without the payment of further consideration.
- [F3]Of the securities reported herein 23,000 are held directly by Brett Hewlett and 864,880 are held by Comvita Limited. Brett Hewlett is the Chief Executive Officer of Comvita Limited and therefore may be deemed to share voting and investment power with respect to these securities held by Comvita Limited. Mr. Hewlett disclaims beneficial ownership of these securities held by Comvita Limited except to the extent of his pecuniary interest therein