Modigene Inc. 4
4 · Modigene Inc. · Filed Apr 10, 2008
Insider Transaction Report
Form 4
Modigene Inc.MODG.OB
NOVIK SHAI A
DirectorPresident
Transactions
- Other
Stock option (right to buy)
2008-04-08−200,000→ 0 totalExercise: $2.00Exp: 2017-05-09→ Common Stock (200,000 underlying) - Other
Stock option (right to buy)
2008-04-08−170,645→ 0 totalExercise: $0.88Exp: 2015-12-14→ Common Stock (170,645 underlying) - Other
Stock option (right to buy)
2008-04-08−145,048→ 0 totalExercise: $0.88Exp: 2015-12-14→ Common Stock (145,048 underlying)
Footnotes (3)
- [F1]In order to comply with certain requirements of Israeli tax authorities, the options originally granted on December 14, 2005, were deemed cancelled and regranted; however, none of the economic terms of the options, including the exercise price, expiration date or number of shares, was changed. These options were fully vested and are currently exercisable as a result of the merger of Modigene Inc., a Delaware corporation, with a wholly-owned subsidiary of the issuer on May 9, 2007 (the "Merger").
- [F2]In order to comply with certain requirements of Israeli tax authorities, the option originally granted on December 14, 2006, was deemed cancelled and regranted; however, none of the economic terms of the option, including the exercise price, expiration date or number of shares, was changed. This option was fully vested and is currently exercisable as a result of the Merger.
- [F3]In order to comply with certain requirements of Israeli tax authorities, the option originally awarded under the issuer's Equity Incentive Plan on May 9, 2007, was deemed cancelled and regranted; however, none of the economic terms of the option, including the exercise price, expiration date or number of shares, was changed. This option vests in three equal annual installments beginning May 9, 2008.