Stellar Biotechnologies, Inc. 4
4 · Stellar Biotechnologies, Inc. · Filed Nov 13, 2014
Insider Transaction Report
Form 4
BAXTER GREGORY T.
Director
Transactions
- Award
Stock Option (Right To Buy)
2014-11-12+12,500→ 12,500 totalExercise: $1.34Exp: 2021-11-12→ Common Shares (12,500 underlying)
Footnotes (2)
- [F1]The options are exercisable at a price of C$1.52. The U.S. dollar price reported on this Form 4 in column 2 reflects the U.S. dollar equivalent exercise price on the date of grant, calculated at the closing price for cable transfers in Canadian dollars as reported by Bloomberg on such date of U.S.$1.00 = CDN$1.1311.
- [F2]The option was issued as consideration for services as a member of the Issuer's Scientific Advisory Board. One-third of the option vested immediately, one-third of the option vests on the first anniversary of November 12, 2014, and one-third of the option vests 18 months after November 12, 2014.