IMMUNOMEDICS INC 4
4 · IMMUNOMEDICS INC · Filed Dec 7, 2016
Insider Transaction Report
Form 4
IMMUNOMEDICS INCIMMU
Stark Don C
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-12-02−14,469→ 0 total→ Common Stock, par value $0.01 per share (14,469 underlying) - Exercise/Conversion
Common Stock
2016-12-02+14,469→ 70,317 total - Tax Payment
Common Stock
2016-12-02−5,788→ 64,529 total
Footnotes (3)
- [F1]Delivery of common stock upon vesting of restricted stock units granted on December 2, 2015.
- [F2]The number of shares withheld to satisfy the tax withholding obligation of the reporting person upon vesting of Restricted Stock Units is correlated with the reporting person's tax withholding percentage based upon a price per share of $3.24.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Immunomedics, Inc. common stock. The restricted stock units shall vest upon the earlier of (i) the reporting person's completion of one year of service as a non-employee director from the date of grant, or (ii) the reporting person's continuation in service through the day immediately preceding the next annual stockholders meeting following the date of grant.