CORAUTUS GENETICS INC 4
4 · CORAUTUS GENETICS INC · Filed May 16, 2005
Insider Transaction Report
Form 4
GILSTRAP JAMES C
Director
Transactions
- Award
Stock Option (right to buy)
2005-05-12+18,000→ 18,000 totalExercise: $3.98Exp: 2015-05-12→ Common Stock (18,000 underlying)
Footnotes (1)
- [F1]Of the 18,000 shares, (A) 6,000 shares were awarded to the director as a retainer grant for the upcoming service year, which shall become 100% exercisable on the last day of the service year if the director continues to serve through that date; (B) 6,000 shares were awarded to the director as compensation for attendance at board meetings during the upcoming service year, which shall become first exercisable on the last day of the service year in 1,500 share quadrants for attendance at each of four Corautus board meetings at any time during the service year; and (C) 6,000 shares were awarded as compensation to the director for serving as Chairman of the board during the upcoming service year, which shall first become exercisable on the last day of the service year if the director continues to serve as Chairman of the board through that date.