Kogan Yakov 4
4 · CLEVELAND BIOLABS INC · Filed Nov 8, 2011
Insider Transaction Report
Form 4
Kogan Yakov
DirectorCOO, Secretary
Transactions
- Award
Common Stock, par value $0.005 per share
2011-11-07+1,638→ 646,138 total(indirect: By Spouse) - Award
Employee Stock Options (Right to Buy)
2011-11-07+5,000→ 5,000 total(indirect: By Spouse)Exercise: $3.03From: 2011-11-07Exp: 2021-11-06→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]On November 7, 2011, with the approval of the Compensation Committee of Cleveland BioLabs, Inc. (the "Company"), Leah Brownlee was granted these shares of common stock as a quarterly bonus. The shares were issued at a measurement price of $2.78 per share. See Note 2 for details on Ms. Brownlee's relationship with the reporting person.
- [F2]Leah Brownlee, who was hired as an employee of the Company effective March 1, 2010, is the spouse of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F3]The Compensation Committee approved the grant of these stock options to Leah Brownlee on October 27, 2011, and the grant was finalized and made on November 7, 2011 pursuant to an option agreement that was executed on such date. See Note 2 for details on Ms. Brownlee's relationship with the reporting person.