KANE STEVEN H 4
4 · Patient Safety Technologies, Inc · Filed Apr 7, 2010
Insider Transaction Report
Form 4
KANE STEVEN H
DirectorPresident and CEO
Transactions
- Award
Warrants
2008-04-16+300,000→ 300,000 totalExercise: $1.25Exp: 2015-04-16→ Common Stock (300,000 underlying) - Award
Stock options (right to buy)
2009-05-07+2,000,000→ 2,000,000 totalExercise: $0.75Exp: 2013-05-07→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]One-third of such warrants vested at the time of grant and the remaining two-thirds will vest monthly over four years beginning April 16, 2008. However, all of the options will vest immediately upon a change of control transaction of the Issuer.
- [F2]On May 7, 2009, the reporting person received 2,000,000 stock options, which vest as follows: On November 7, 2009 250,000 options shall vest and become exercisable and thereafter the remaining options shall vest over a 42 month period at the rate of 1/48th of the total grant, with 100% of the option award becoming fully vested and exercisable on the 48th anniversary of the grant date.