Brennan Jeffrey P 4
4 · TARGACEPT INC · Filed Dec 14, 2010
Insider Transaction Report
Form 4
TARGACEPT INCTRGT
Brennan Jeffrey P
VP - Bus. & Commercial Dev.
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2010-12-13−10,000→ 32,658 totalExercise: $2.93Exp: 2019-01-08→ Common Stock (10,000 underlying) - Sale
Common Stock
2010-12-13$23.86/sh−10,000$238,553→ 0 total - Exercise/Conversion
Common Stock
2010-12-13$2.93/sh+10,000$29,300→ 10,000 total
Footnotes (2)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.68 to $24.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with March 31, 2009.