TORRES LAURIE C 4
4 · PROTEIN DESIGN LABS INC/DE · Filed Jan 6, 2006
Insider Transaction Report
Form 4
TORRES LAURIE C
VP, Human Resources
Transactions
- Sale
Common Stock
2006-01-04$28.92/sh−2,187$63,248→ 12,500 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2006-01-04−2,187→ 50,313 totalExercise: $13.29Exp: 2013-11-03→ Common Stock (2,187 underlying) - Exercise/Conversion
Common Stock
2006-01-04$13.29/sh+2,187$29,065→ 14,687 total
Footnotes (2)
- [F1]Sale was made pursuant to a 10b5-1 plan established by the reporting person.
- [F2]Options vest 1/4 on the first anniversary of the vesting date and thereafter vest 1/48 per month. Only vested options are exercisable.