TROSPER JED 4
4 · IMMUNE RESPONSE CORP · Filed Oct 31, 2003
Insider Transaction Report
Form 4
TROSPER JED
Director
Transactions
- Award
Unit Purchase Option
2003-10-30+15,250→ 15,250 totalExercise: $0.89From: 2004-04-04Exp: 2009-12-10→ Common Stock, Class A Warrants and Class B Warrants (53,375 underlying) - Disposition to Issuer
Unit Purchase Option
2003-10-30−15,250→ 0 totalExercise: $0.89From: 2003-06-25Exp: 2009-12-10→ Common Stock, Class A Warrants and Class B Warrants (45,750 underlying) - Other
Unit Purchase Option
2003-06-25+15,250→ 15,250 totalExercise: $0.89From: 2003-06-25Exp: 2009-12-10→ Common Stock, Class A Warrants and Class B Warrants (45,750 underlying)
Footnotes (7)
- [F1]Each Unit Purchase Option consists of the right to purchase for $0.89 (a) one share of common stock and (b) one Class A Warrant. Each Class A Warrant may be exercised to purchase initially one share of our common stock and one Class B Warrant, at an aggregate price of $1.33. Each Class B Warrant may be exercised to purchase initially one share of our common stock at a price of $1.77. Unless exercised, the Warrants will expire five years after their respective dates of issuance.
- [F2]Mr. Trosper received the Unit Purchase Options upon a distribution by Spencer Trask Ventures, Inc.
- [F3]Includes (a) 15,250 shares of common stock issuable upon exercise of the Unit Purchase Options, (b) 15,250 shares of common stock issuable upon exercise of the Class A Warrants and (c) 15,250 shares of common stock issuable upon exercise of the Class B Warrants.
- [F4]Amendment of outstanding Unit Purchase Options resulting in deemed cancellation of Unit Purchase Options and grant of replacement Unit Purchase Options.
- [F5]The Unit Purchase Options were amended so that each Unit Purchase Option is exercisable for an additional half share of common stock in exchange for the holder's agreement to not exercise each Unit Placement Option before April 4, 2004.
- [F6]As amended each Unit Purchase Option consists of the right to purchase for $0.89 (a) one and one-half shares of common stock and (b) one Class A Warrant. Each Class A Warrant may be exercised to purchase initially one share of our common stock and one Class B Warrant, at an aggregate price of $1.33. Each Class B Warrant may be exercised to purchase initially one share of our common stock at a price of $1.77. Unless exercised, the Warrants will expire five years after their respective dates of issuance.
- [F7]Includes (a) 22,875 shares of common stock issuable upon exercise of the Unit Purchase Options, (b) 15,250 shares of common stock issuable upon exercise of the Class A Warrants and (c) 15,250 shares of common stock issuable upon exercise of the Class B Warrants.