Gillespie Deirdre 4
4 · APRICUS BIOSCIENCES, INC. · Filed Jan 4, 2012
Insider Transaction Report
Form 4
Gillespie Deirdre
Director
Transactions
- Award
Stock Option (right to buy)
2012-01-03+16,000→ 16,000 totalExercise: $5.13Exp: 2012-12-31→ Common Stock (16,000 underlying) - Award
Common Stock
2012-01-03$5.13/sh+2,784$14,282→ 15,433 total
Footnotes (5)
- [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 her service as director of the Issuer.
- [F2]The value of the shares being delivered in satisfaction of the payment was calculated based on the closing price of the Issuer's common stock on January 3, 2012.
- [F3]The exercise price was calculated based on the closing price of the Issuer's common stock on January 3, 2012.
- [F4]The options to purchase shares of common stock were issued to the Reporting Person, a non-employee director of the Issuer, as payment of the annual retainer fee for her service as a director of the Issuer.
- [F5]The options shall vest with respect to 1/12th of the underlying shares on January 3, 2012 with the remaining shares to vest in equal monthly installments on the first business day of each month thereafter for a period of one year.