KRIEGSMAN STEVEN A 4
4 · CYTRX CORP · Filed Dec 19, 2017
Insider Transaction Report
Form 4
CYTRX CORPCYTR
KRIEGSMAN STEVEN A
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2017-12-15+208,334→ 208,334 totalExercise: $1.75Exp: 2027-12-14→ CytRx Common Stock (208,334 underlying) - Award
CytRx Common Stock
2017-12-15$1.75/sh+387,597$678,295→ 387,597 total
Footnotes (2)
- [F1]On December 6, 2017, the Compensation Committee of the Board of Directors agreed to award Mr. Kriegsman under the 2008 Equity Incentive Plan, 387,597 restricted common shares at the stock's closing prince on December 15, 2017 (the "award date"). The restricted shares will vest in equal installments on the first three anniversaries of the award date.
- [F2]The stock option vests monthly for 36 months in equal installments, beginning 15 January 2018, provided Reporting Person remains in continuous employ of Issuer, or the conditions for immediate vesting occur.