WHITE JEFFREY 4
4 · NAPRO BIOTHERAPEUTICS INC · Filed Sep 4, 2003
Insider Transaction Report
Form 4
WHITE JEFFREY
President, Genomics
Transactions
- Award
Stock Options (right to buy)
2003-09-02$1.55/sh+60,000$93,000→ 60,000 totalExercise: $1.55Exp: 2013-09-02→ Common Stock (60,000 underlying)
Footnotes (1)
- [F1]Such options fully vest and become exercisable on September 2, 2008. Such options may vest earlier if the issuer's stock price, on a rolling 20 day average, exceeds $1.55 (the issuer's stock price on September 2, 2003, the grant date). If the issuer's 20-day rolling average stock price exceeds $1.55 by 30%, then 16.67% of the options vest. Likewise, if the 20-day rolling average stock price exceeds $1.55 by 60%, 90%, 120%, 150% and 200%, then in each case an additional 16.67% of the options vest.