TARGACEPT INC|4Dec 15, 6:41 PM ET

Brennan Jeffrey P 4

4 · TARGACEPT INC · Filed Dec 15, 2009

Form 4

Period: 2009-12-11

VP - Bus. & Commercial Dev.

Transactions

Exercise/Conversion
Common Stock
2009-12-11$5.10/sh+11,555$58,930→ 11,555 total
Exercise/Conversion
Common Stock
2009-12-11$5.63/sh+1,200$6,756→ 12,755 total
Exercise/Conversion
Common Stock
2009-12-11$1.75/sh+5,000$8,750→ 17,755 total
Sale
Common Stock
2009-12-11$20.90/sh−94,759$1,980,558→ 0 total
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−11,555→ 0 total
Exercise: $5.10Exp: 2013-08-31→ Common Stock (11,555 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−1,200→ 0 total
Exercise: $5.63From: 2004-01-26Exp: 2014-01-25→ Common Stock (1,200 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−5,000→ 0 total
Exercise: $1.75Exp: 2015-03-28→ Common Stock (5,000 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−9,842→ 42,658 total
Exercise: $2.93Exp: 2019-01-08→ Common Stock (9,842 underlying)
Exercise/Conversion
Common Stock
2009-12-11$5.10/sh+13,964$71,216→ 31,719 total
Exercise/Conversion
Common Stock
2009-12-11$5.55/sh+53,198$295,249→ 84,917 total
Exercise/Conversion
Common Stock
2009-12-11$2.93/sh+9,842$28,837→ 94,759 total
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−13,964→ 1,995 total
Exercise: $5.10Exp: 2016-02-27→ Common Stock (13,964 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2009-12-11−53,198→ 12,277 total
Exercise: $5.55Exp: 2016-08-15→ Common Stock (53,198 underlying)

Footnotes (5)

[F1]This option vested in installments and became vested in full upon completion of the issuer's initial public offering.
[F2]This option vested in installments and became vested in full on December 31, 2008.
[F3]This option vests in equal installments on the last day of 16 consecutive calendar quarters beginning March 31, 2006.
[F4]This option vests in equal installments on the last day of 16 consecutive calendar quarters beginning September 30, 2006.
[F5]This option vests in equal installments on the last day of 16 consecutive calendar quarters beginning March 31, 2009.

Documents

1 file