FLAMEL TECHNOLOGIES SA 4
4 · FLAMEL TECHNOLOGIES SA · Filed Dec 16, 2016
Insider Transaction Report
Form 4
D'SILVA DHIREN
See Remarks
Transactions
- Award
ADSs
2016-12-14+18,000→ 58,000 total - Award
Stock Option (right to buy)
2016-12-14+100,000→ 100,000 totalExercise: $10.40Exp: 2026-12-14→ ADSs (100,000 underlying)
Holdings
- 95,000
Stock Option (right to buy)
Exercise: $16.30Exp: 2024-12-11→ ADSs (95,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $14.35Exp: 2025-12-10→ ADSs (100,000 underlying) - 100,000
Stock Option (right to buy)
Exercise: $7.36Exp: 2023-12-12→ ADSs (100,000 underlying)
Footnotes (6)
- [F1]The issuer's "ADSs" are American Depositary Shares, with each ADS representing one ordinary share, nominal value 0.122 Euros per share, of the issuer; ADSs are represented by American Depositary Receipts. The securities acquired as reported in this statement represent the grant of ADSs under the issuer's "Free Share" award program; no purchase price was applicable to such grant. See footnote (2) for details as to the dates such ADSs will be issued to the reporting person.
- [F2]Includes (a) 10,000 restricted ADSs granted under the issuer's "Free Share" award program on 12/11/2014, all of which will be issued to the reporting person on the fourth anniversary of the grant date, provided that the reporting person continues to be employed by the issuer or an affiliate thereof on the second anniversary of the grant date; (b) 20,000 restricted ADSs granted under the issuer's "Free Share" award program on 8/10/2016, all of which will be issued to the reporting person on the second anniversary of the grant date; and (c) 18,000 restricted ADSs granted under the issuer's "Free Share" award program on 12/14/2016, all of which will be issued to the reporting person on the second anniversary of the grant date.
- [F3]Options become exercisable as to 25,000 ADSs on each of the first four anniversaries after the 12/12/2013 grant date.
- [F4]Options become exercisable as to 23,750 ADSs on each of the first four anniversaries after the 12/11/2014 grant date.
- [F5]Options become exercisable as to 25,000 ADSs on each of the first four anniversaries after the 12/10/2015 grant date.
- [F6]Options become exercisable as to 25,000 ADSs on each of the first four anniversaries after the 12/14/2016 grant date.