Ren Ken Keyong 4
4 · ENTREMED INC · Filed Apr 3, 2012
Insider Transaction Report
Form 4
ENTREMED INCENMD
Ren Ken Keyong
Chief Executive Officer
Transactions
- Award
Stock Options (Right to Buy)
2012-04-02+150,000→ 150,000 totalExercise: $2.16Exp: 2022-04-02→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1](1) Stock option award will vest as follows: (i) 50% on the 6-month anniversary of the first day of reporting person's employment (October 2, 2012), and (ii) the remaining 50% on the 12-month anniversary of the first day of reporting person's employment (April 2, 2013). If reporting person voluntarily ends his employment or is terminated for cause, the unvested portion of the option will be cancelled. If reporting person is terminated without cause or is not selected as permanent Chief Executive Officer, the stock option will vest and become exercisable as to 100% of the covered shares.