Margolis Michael A 4
4 · SWK Holdings Corp · Filed Nov 9, 2010
Insider Transaction Report
Form 4
Margolis Michael A
Director
Transactions
- Award
Common Stock
2010-11-08+100,000→ 903,600 total
Footnotes (2)
- [F1]Comprised of restricted stock granted in exchange for Mr. Margolis' 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.
- [F2]Includes 803,600 shares of common stock owned by Maric Capital Master Fund, Ltd. Maric LS, LLC is the investment manager of Maric Capital Master Fund, Ltd. Mr. Margolis is the member of Maric LS, LLC. Mr. Margolis disclaims beneficial ownership of any and all such shares in excess of his pecuniary interest therein.