Arch Therapeutics, Inc. 4
4 · Arch Therapeutics, Inc. · Filed Feb 6, 2017
Insider Transaction Report
Form 4
Norchi Terrence W
DirectorPres, CEO, Sec, and Treas10% Owner
Transactions
- Award
Common Stock
2017-02-03+650,000→ 3,199,076 total - Award
Stock Option (right to buy)
2017-02-03+650,000→ 650,000 totalExercise: $0.65Exp: 2027-02-02→ Common Stock (650,000 underlying)
Footnotes (3)
- [F1]Of the Shares subject to this grant, all are issued pursuant to the 2013 Stock Incentive Plan (the "Plan") and 100% shall fully vest on the second anniversary of the date of grant. In addition, in the event of a Change of Control (as such term is defined in the Plan) 100% of grant will immediately vest.
- [F2]Excludes 10,000,000 shares of Common Stock of Twelve Pins Partnership, LLC with respect to which Dr. Norchi holds sole voting and investment control.
- [F3]Of the Shares subject to this Grant, 25% shall vest immediately and 1/36 of the remaining shares shall vest on each of the next thirty-six (36) monthly anniversaries of the vesting commencement date.