Ray Rusty 4
4 · APRICUS BIOSCIENCES, INC. · Filed Jan 7, 2011
Insider Transaction Report
Form 4
Ray Rusty
Director
Transactions
- Award
Common Stock
2011-01-05$4.59/sh+1,961$9,001→ 8,498 total - Award
Common Stock
2011-01-05$4.59/sh+218$1,001→ 8,716 total
Footnotes (3)
- [F1]The shares of common stock were issued to the Reporting Person, a non-employee director of the Issuer, as payment of the quarterly retainer fee for his service as a director of the Issuer.
- [F2]The value of the shares being delivered in satisfaction of the payment was calculated based on the five-day average closing price of the Issuer's common stock over the first five trading days of the 2010 calendar year (as adjusted for a 1-for-15 reverse split of the Issuer's common stock that became effective on June 21, 2010).
- [F3]The shares of common stock were issued to the Reporting Person as payment for his service as Chairman of the Compensation Committee of the Issuer.