NOVADEL PHARMA INC 4
4 · NOVADEL PHARMA INC · Filed May 24, 2004
Insider Transaction Report
Form 4
KESSEL LARRY
Director
Transactions
- Award
Stock Option
2004-05-06+50,000→ 50,000 totalExercise: $1.95Exp: 2009-04-18→ Common Stock (50,000 underlying)
Holdings
- 6,061
Warrent
Exercise: $1.40From: 2004-01-08Exp: 2009-01-08→ Common Stock (6,061 underlying) - 20,204
Common Stock
- 100,000
Stock Option
Exercise: $1.51Exp: 2008-03-27→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The options vest in three annual installments. 33,333 options became exercisable on March 28, 2004, 33,333 become exercisable on March 28, 2005 and 33,334 become exercisable on March 28, 2006
- [F2]The options vest in three annual installments. 16,666 options become exercisable on April 19, 2005, 16,666 become exercisable on April 19, 2006 and 16,667 become exercisable on April 19, 2007.