VENTRUS BIOSCIENCES INC 4/A
4/A · VENTRUS BIOSCIENCES INC · Filed Mar 12, 2014
Insider Transaction Report
Form 4/AAmended
ELLISON RUSSELL H
DirectorChief Executive Officer
Transactions
- Award
Stock Options (right to buy)
2014-01-15+395,500→ 395,500 totalExercise: $3.81Exp: 2024-01-15→ Common Stock (395,500 underlying) - Award
Restricted Stock Units
2013-04-05+200,000→ 150,000 totalExp: 2016-06-30→ Common Stock (200,000 underlying) - Award
Phantom Stock
2013-04-05+50,000→ 50,000 total→ Common Stock (50,000 underlying)
Holdings
- 60,000
Stock Options (right to buy)
Exercise: $8.10Exp: 2022-01-15→ Common Stock (60,000 underlying) - 573,599
Stock Options (right to buy)
Exercise: $6.00Exp: 2020-12-22→ Common Stock (573,599 underlying) - 15,000
Common Stock
- 8,065
Warrants (rights to buy)
Exercise: $7.69Exp: 2014-11-08→ Common Stock (8,065 underlying)
Footnotes (9)
- [F1]One-third to vest on the first anniversary of the vesting commencement date (vesting commencement date is 1/15/2014); Remainder to vest in equal installments on the second and third anniversaries of the vesting commencement date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The restricted stock units vest in four equal amounts (25% each) as follows: 25% on the date of grant and 25% when the 20 trading day volume weighted average price of the Issuer's common stock equals or exceeds $4.15, $5.15 and $6.15. The unvested restricted stock units expire on June 30, 2016 if a vesting threshold has not been met by that date.
- [F4]Upon the immediate vesting on April 5, 2013 of 50,000 restricted stock units granted to the reporting person on April 5, 2013, the reporting person elected to defer the receipt of those 50,000 shares of common stock, resulting in the accrual to his phantom stock account of 50,000 shares of phantom stock.
- [F5]Each share of phantom stock represents the right to receive one share of the Issuer's common stock.
- [F6]The phantom stock becomes payable on the earliest to occur of (a) termination of employment, (b) a change in control of the Issuer, or (c) April 1, 2015.
- [F7]The options vested 1/3 on 1/15/2013, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 1/15/2013.
- [F8]The options vested 1/3 on 12/22/2010, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 12/22/2010.
- [F9]The warrant vested in three installments on 3/21/08 (2,689 shares), 3/21/2009 (2,688 shares) and 3/21/2010 (2,688 shares).