SENESCO TECHNOLOGIES INC 4
4 · SENESCO TECHNOLOGIES INC · Filed Sep 16, 2013
Insider Transaction Report
Form 4
THOMPSON JOHN PHD
DirectorEVP and CSO
Transactions
- Award
Common Stock Option
2013-09-13+985,000→ 2,203,276 totalExercise: $0.05From: 2014-09-13Exp: 2023-09-13→ Common Stock (985,000 underlying)
Footnotes (1)
- [F1]The options vest on the basis of a two-step process. First, options vest based on attainment of the pre-established corporate and individual performance goals. Second, the options that are earned based on attainment of performance will vest with respect to twenty-five percent (25%) of such options on the first anniversary of the date of grant with the balance vesting at a rate of 1/36 for each month thereafter, subject to the executive officer's continued service through each applicable vesting date. No options will vest if the Committee has determined that the performance metrics have not been met.