OSI PHARMACEUTICALS INC 4
4 · OSI PHARMACEUTICALS INC · Filed Jun 15, 2007
Insider Transaction Report
Form 4
PINEDO HERBERT MD PHD
Director
Transactions
- Award
Common Stock
2007-06-13+1,500→ 5,467 total - Award
Stock Option (Right to Buy)
2007-06-13+3,000→ 3,000 totalExercise: $36.25From: 2008-06-13Exp: 2014-06-12→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Represents the formula grant of Deferred Stock Units to the director upon re-election to the Board of Directors of OSI Pharmaceuticals, Inc. 25% of the Deferred Stock Units vests one year after the date of grant and the remainder will vest ratably on an annual basis over the succeeding 3 years. Dr. Pinedo will receive one share of OSI Common Stock for each vested Deferred Stock Unit that he holds on June 13, 2009.
- [F2]25% of the option will become exerciseable one year after the date of grant and the remainder will vest ratably on an annual basis over the suceeding 3 years.