Mak Tak W. 4
4 · ENTREMED INC · Filed May 3, 2012
Insider Transaction Report
Form 4
ENTREMED INCENMD
Mak Tak W.
Director
Transactions
- Purchase
Common Stock
2012-05-01+352,857→ 365,376 total - Award
Warrants (Right to Buy)
2012-01-20+69,565→ 69,565 totalExercise: $1.40From: 2012-07-29Exp: 2017-07-29→ Common Stock (69,565 underlying)
Footnotes (2)
- [F1]Reflects the conversion price of a certain Subordinated Mandatorily Convertible Note ("Convertible Note") acquired in connection with the Company's strategic financing entered into on January 20, 2012 ("Strategic Financing"). The Convertible Note automatically converts into shares of common stock, at the conversion price of $1.15, upon stockholders approval of the Strategic Financing. The conversion price reflects the 10-day average closing sale price of the Company's Common Stock ending on January 20, 2012. The stockholders approved the Strategic Financing at the Company's Annual Stockholders Meeting held on April 30, 2012 ("2012 Annual Meeting").
- [F2]Warrants were acquired in connection with the Strategic Financing and become exercisable at any time on or after 90 days following the 2012 Annual Meeting.