Maddux Randy Joe 4
4 · iBio, Inc. · Filed Dec 2, 2020
Insider Transaction Report
Form 4
iBio, Inc.IBIO
Maddux Randy Joe
Chief Operating Officer
Transactions
- Award
Stock Option
2020-12-01+465,000→ 465,000 totalExercise: $1.45From: 2021-12-01Exp: 2030-11-30→ Common Stock (465,000 underlying) - Award
Common Stock
2020-12-01+309,000→ 309,000 total
Footnotes (2)
- [F1]Consists of 309,000 shares of iBio, Inc. (the "Company") common stock , $0.001 par value per share (the "Common Stock") represented by 309,000 restricted stock units ("RSUs") granted under the Company's 2018 Omnibus Equity Incentive Plan, as amended (the "2018 Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The 309,000 RSUs start vesting pro rata on the (i) first anniversary of the grant date; (ii) second anniversary of the grant date; and (iii) third anniversary of the grant date.
- [F2]The options vest as follows: (i) 25% of the options granted under the 2018 Plan will vest after one year of employment with the Company; and (ii) after one year of employment with the Company, 6.25% of the options granted will vest for each additional three (3) months of employment.