4/A//SEC Filing
LPATH, INC 4/A
Accession 0001104659-08-034130
CIK 0001251769operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 7:10 PM ET
Size
9.5 KB
Accession
0001104659-08-034130
Insider Transaction Report
Form 4/AAmended
LPATH, INCLPTN
Sabbadini Roger Allen
VP & Chief Scientific Officer
Transactions
- Award
Restricted Stock Unit
2008-05-14+72,437→ 72,437 total→ Class A Common Stock (72,437 underlying) - Award
Restricted Stock Unit
2007-11-20+80,063→ 80,063 total→ Class A Common Stock (80,063 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Lpath, Inc. Class A common stock.
- [F2]On November 20, 2007, the reporting person was granted a total of 305,000 restricted stock units, of which 152,500 vest upon the achievement of certain performance-based milestones described further in Footnote (3) below. On May 14, 2008, 47.5% of these performance-based restricted stock units vested. Vested shares will be delivered to the reporting person on the fifth anniversary of the date of grant or upon an earlier termination of the reporting person's service to Lpath due to disability, death or sale of Lpath.
- [F3]These performance-based restricted stock units represent the unvested remainder of 152,500 such units, the grant of which initially was disclosed on Line 2 of Table II on Form 4 filed by the reporting person with the SEC on November 23, 2007. The vested portion of such grant is reported on Line 1 in this Table II. These restricted stock units will vest at varying percentages upon the achievement of certain milestones related to the Company's research and clinical development. Vested shares will be delivered to the reporting person on the fifth anniversary of the date of grant or upon an earlier termination of the reporting person's service to Lpath due to disability, death or sale of Lpath.
Documents
Issuer
LPATH, INC
CIK 0001251769
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001251769
Filing Metadata
- Form type
- 4/A
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 7:10 PM ET
- Size
- 9.5 KB