FLAMEL TECHNOLOGIES SA 4
4 · FLAMEL TECHNOLOGIES SA · Filed Aug 12, 2016
Insider Transaction Report
Form 4
DAVIS GREGORY J.
See Remarks
Transactions
- Award
ADSs
2016-08-10+20,000→ 20,000 total
Holdings
- 100,000
Stock Option (right to buy)
Exercise: $21.67Exp: 2025-06-26→ ADSs (50,000 underlying) - 50,000
Stock Option (right to buy)
Exercise: $14.35Exp: 2025-12-10→ ADSs (50,000 underlying)
Footnotes (4)
- [F1]The issuer's "ADSs" are American Depositary Shares, with each ADS representing one ordinary share, nominal value 0.122 Euros per share, of the issuer; ADSs are represented by American Depositary Receipts. The securities acquired as reported in this statement represent the grant of ADSs under the issuer's "Free Share" award program; no purchase price was applicable to such grant. See footnote (2) for details as to the dates such ADSs will be issued to the reporting person.
- [F2]Represents 20,000 restricted ADSs granted under the issuer's "Free Share" award program on 8/10/2016, all of which will be issued to the reporting person on the second anniversary of the grant date.
- [F3]Options become exercisable as to 12,500 ADSs on each of the first four anniversaries after the 06/26/2015 grant date.
- [F4]Options become exercisable as to 12,500 ADSs on each of the first four anniversaries after the 12/10/2015 grant date.