4//SEC Filing
CYTRX CORP 4
Accession 0001140361-16-090412
$LADXCIK 0000799698operating
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 7:31 PM ET
Size
7.3 KB
Accession
0001140361-16-090412
Insider Transaction Report
Form 4
CYTRX CORPCYTR
KRIEGSMAN STEVEN A
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2016-12-15+1,250,000→ 1,250,000 totalExercise: $0.43Exp: 2026-12-14→ CytRx Common Stock (1,250,000 underlying) - Award
Common Stock
2016-12-15$0.43/sh+2,325,581$1,000,000→ 2,325,581 total
Footnotes (2)
- [F1]On Dec. 13, 2016, the Compensation Committee of the Board of Directors awarded to Mr. Kriegsman under the 2008 Equity Incentive Plan $1,000,000 of restricted shares of CytRx Common stock at the stock's closing price on Dec. 15, 2016. The restricted shares will vest in equal installments on the first three anniversaries of the award date, contingent upon his continuous employment through the applicable vesting date.
- [F2]The stock option vests monthly for 36 months in equal installments, beginning 15 January 2017, provided Reporting Person remains in continuous employ of Issuer, or the conditions for immediate vesting do not occur.
Documents
Issuer
CYTRX CORP
CIK 0000799698
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000799698
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 7:31 PM ET
- Size
- 7.3 KB