Cyberkinetics Neurotechnology Systems, Inc. 4
4 · Cyberkinetics Neurotechnology Systems, Inc. · Filed Jun 20, 2008
Insider Transaction Report
Form 4
SURGENOR TIMOTHY R
DirectorPresident and CEO
Transactions
- Award
Common Stock
2008-06-18$0.10/sh+2,382,500$238,250→ 2,382,500 total - Other
Stock Option
2008-06-18−250,000→ 0 totalExercise: $1.40→ Common Stock (250,000 underlying) - Other
Stock Option
2008-06-18−100,000→ 0 totalExercise: $2.10→ Common Stock (100,000 underlying) - Other
Stock Option
2008-06-18−150,000→ 0 totalExercise: $1.18→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]The common stock was issued pursuant to a restricted stock agreement and vests upon the achievement of certain performance milestones or upon the sale of the Company. Additionally, if Mr. Surgenor is terminated by the Company without cause, 900,000 shares of common stock will vest immediately.
- [F2]The options were cancelled in connection with the common stock issued under the restricted stock agreement described in note (1) above.