Forman Alan S 4
4 · STEMLINE THERAPEUTICS INC · Filed Jun 10, 2020
Insider Transaction Report
Form 4
Forman Alan S
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2020-06-10−34,000→ 0 totalExercise: $6.78Exp: 2026-05-25→ Common Stock (34,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2020-06-10−24,000→ 0 totalExercise: $8.20Exp: 2027-06-19→ Common Stock (24,000 underlying) - Disposition from Tender
Common Stock
2020-06-10−88,298→ 0 total
Footnotes (3)
- [F1]Disposed of in connection with a tender offer made pursuant to an agreement and plan of merger among Issuer, Berlin-Chemie AG, and Mercury Merger Sub, Inc., dated as of May 3, 2020 (the "Merger Agreement"), in exchange for $11.50 per share, net to the holder in cash, plus one contractual contingent value right ("CVR") per share (collectively, the "Offer Price"). Each CVR represents the right to receive a payment of $1.00 in cash upon the achievement of a certain milestone relating to the first sale of ELZONRIS in any one of certain countries following a marketing authorization approval by the European Commission. The CVR milestone must be achieved on or prior to December 31, 2021.
- [F2]All options were vested and exercisable as of the effective time of the merger.
- [F3]Disposed of under the Merger Agreement in exchange for the excess of the Offer Price over the exercise price of the option.