CUBIST PHARMACEUTICALS INC 4
4 · CUBIST PHARMACEUTICALS INC · Filed Jun 14, 2013
Insider Transaction Report
Form 4
Rosenberg Martin
Director
Transactions
- Award
Restricted Stock Units
2013-06-12+1,104→ 1,104 totalFrom: 2014-06-12→ Common Stock (1,104 underlying) - Award
Stock Options (Right to Buy)
2013-06-12+8,370→ 8,370 totalExercise: $50.24From: 2014-06-12Exp: 2023-06-12→ Common Stock (8,370 underlying)
Footnotes (5)
- [F1]The number of stock options represents the fair value of $129,500 calculated using the Black-Scholes option pricing model in accordance with ASC Topic 718, rounded down to the nearest whole share.
- [F2]Options vest 100% on the earlier of the first anniversary of the grant date or the date of the Company's 2014 Annual Meeting of Stockholders.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Cubist common stock for no consideration.
- [F4]The number of restricted stock units is equal to the fair value of $55,500 based on the stock price on the grant date, rounded down to the nearest whole share.
- [F5]The restricted stock units vest 100% on the earlier of the first anniversary of the grant date or the date of the Company's 2014 Annual Meeting of Stockholders.