NEXMED INC 4
4 · NEXMED INC · Filed Oct 19, 2009
Insider Transaction Report
Form 4
NEXMED INCNEXM
EMIL ARTHUR D
Director
Transactions
- Award
Common Stock
2009-10-06$1.47/sh+10,708$15,741→ 323,579 total
Footnotes (2)
- [F1]In lieu of cash compensation, the Non-Employee Directors have opted to receive, and the Board of Directors has approved, a grant of shares of the Company's common stock for the Non-Employee Directors' services rendered to the Board of Directors during the fourth quarter of the 2009 calendar year. The price per share (the "Price") is the average of the closing price of the Company's common stock over five consecutive trading days, commencing on January 2, 2008. The number of shares was calculated based on the amount of cash the Director would have received for service on the Board, divided by the Price.
- [F2]3,569.33 of such shares vested on October 6, 2009, and 3,569.33 of such shares will vest on each of November 6, 2009 and December 6, 2009.