4//SEC Filing
May Larry Alan 4
Accession 0001144204-12-025083
CIK 0000320017other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 6:33 PM ET
Size
7.1 KB
Accession
0001144204-12-025083
Insider Transaction Report
Form 4
May Larry Alan
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2012-04-26+56,250→ 56,250 totalExercise: $0.36Exp: 2022-04-25→ Common stock, par value $0.001 per share (56,520 underlying)
Footnotes (2)
- [F1]On April 26, 2012, the Compensation Committee of the Issuer's Board of Directors adopted a program (the "2012 Option Program") whereby each participating officer was issued on April 26, 2012 an option (the "Option") to purchase that number of shares of Common Stock equal to that portion of each Participating Officer's gross salary (the "Participating Salary") for the period May 1, 2012 - July 31, 2012 (the "Election Period") elected by the Participating Officer divided by $.25, the Black-Scholes value of an Option issued under the 2012 Option Program. The Option, the issuance of which is in lieu of payment of the Participating Salary vests at the end of the month in which the Participating Salary to which it relates would have been paid and has a term of ten years despite any termination of employment of the Participating Officer.
- [F2]The per share exercise price is $.36, the closing price of the Common Stock on the date of the issuance of the Option. The Gross Participating Salary for all Participating Officers is $181,309 and the total number of Options granted under the 2012 Option Program was 725,235. Mr. May's Participating Salary for the Election Period is 25% of his full salary. The Options were issued under the Company's 2009 Equity Compensation Plan.
Documents
Issuer
NeoStem, Inc.
CIK 0000320017
Entity typeother
Related Parties
1- filerCIK 0001354850
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 6:33 PM ET
- Size
- 7.1 KB