Clifford William Thaddeus 4
4 · SWK Holdings Corp · Filed Nov 9, 2010
Insider Transaction Report
Form 4
Clifford William Thaddeus
Director
Transactions
- Award
Common Stock
2010-11-08+100,000→ 100,000 total
Footnotes (1)
- [F1]Comprised of restricted stock granted in exchange for Mr. Clifford's services as a director of SWK Holdings Corporation. The grant was made pursuant to the Company's 2010 Equity Incentive Plan and Form of Restricted Stock Agreement included as Exhibits 10.1 and 10.2, respectively, to the Company's Quarterly Report on Form 10-Q filed on November 9, 2010. 50% of the shares awarded will vest if the average closing price per share of the Company's common stock during any 60 calendar day period (the "Average Price") is $1.80 or more. Additionally, 25% and 25% of the shares awarded will vest if the Average Price exceeds $2.25 and $2.70, respectively. The restricted shares will be canceled if they do not vest prior to the fifth anniversary of grant.