BREWER H BRYAN JR 4

Accession 0001179110-05-010188

CIK 0000071478other

View on SEC.gov Company Profile

Filed

May 16, 8:00 PM ET

Accepted

May 17, 8:56 PM ET

Size

26.3 KB

Accession

0001179110-05-010188

Insider Transaction Report

Form 4

Period: 2005-05-16

LIPID SCIENCES INC/LIPD

BREWER H BRYAN JR

DirectorOther

Transactions

Disposition to Issuer
Stock Option (right to buy)
2005-05-16−120,000→ 175,000 total
Exercise: $3.50Exp: 2013-01-27→ Common Stock (120,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2005-05-16−25,000→ 0 total
Exercise: $4.97Exp: 2014-03-25→ Common Stock (25,000 underlying)
Award
Stock Option (right to buy)
2005-05-16+116,927→ 116,927 total
Exercise: $4.05From: 2005-05-16Exp: 2011-03-10→ Common Stock (116,927 underlying)
Disposition to Issuer
Stock Option (right to buy)
2005-05-16−150,000→ 25,000 total
Exercise: $2.13Exp: 2013-09-17→ Common Stock (150,000 underlying)
Award
Stock Option (right to buy)
2005-05-16+150,000→ 386,927 total
Exercise: $4.05Exp: 2013-09-17→ Common Stock (150,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2005-05-16−116,927→ 295,000 total
Exercise: $3.21Exp: 2011-03-10→ Common Stock (116,927 underlying)
Award
Stock Option (right to buy)
2005-05-16+120,000→ 236,927 total
Exercise: $4.05From: 2005-05-16Exp: 2013-01-27→ Common Stock (120,000 underlying)
Award
Stock Option (right to buy)
2005-05-16+25,000→ 411,927 total
Exercise: $4.05From: 2005-05-16Exp: 2014-03-25→ Common Stock (25,000 underlying)
Award
Stock Option (right to buy)
2005-05-16+350,000→ 761,927 total
Exercise: $4.05Exp: 2015-05-15→ Common Stock (350,000 underlying)
Award
Stock Option (right to buy)
2005-05-16+100,000→ 861,927 total
Exercise: $4.05Exp: 2015-05-15→ Common Stock (100,000 underlying)

Footnotes (8)

[F1]The options with respect to 23,387 of the shares vested on March 11, 2001, and the remaining options vested in equal annual installments on the 1st, 2nd and 3rd anniversaries of March 11, 2001.
[F2]1/3 of the options vested on January 28, 2003, 1/3 on January 28, 2004, and 1/3 on January 28, 2005.
[F3]The options with respect to 59,375 of the shares were vested as of May 16, 2005. The remaining options were to vest monthly, on the 18th of each month, with respect to 1/48th of the total shares until September 18, 2007.
[F4]1/2 of the options vested on March 26, 2004, and the other 1/2 on January 28, 2005.
[F5]The options with respect to 59,375 of the shares has already vested, with the remaining options to vest in equal monthly installments through September 2007.
[F6]The options with respect to 116,667 of the shares shall vest on May 16, 2006, the options with respect to 116,666 of the shares shall vest on May 16, 2007, and the options with respect to the remaining 116,666 shares shall vest on May 16, 2008.
[F7]The options with respect to 33,334 of the shares shall vest on May 16, 2006, the options with respect to 33,333 of the shares shall vest on May 16, 2007, and the options with respect to the remaining 33,333 shares shall vest on May 16, 2008.
[F8]As part of an agreement under which the reporting person will provide additional services to the issuer, all of the options indicated with transaction code "D" (116,927 shares at $3.21/share, 120,000 shares at $3.50/share, 150,000 shares at $2.13/share, and 25,000 shares at $4.97/share) have been cancelled and the reporting person has been granted the options indicated with transaction code "A." Such new options covering a total of 861,927 shares have an exercise price of $4.05/share.

Documents

1 file

4
edgar.xmlPrimary
FORM 4 -

Issuer

LIPID SCIENCES INC/

CIK 0000071478

→

Entity typeother

Related Parties

filerCIK 0001216711

Filing Metadata

Form type: 4
Filed: May 16, 8:00 PM ET
Accepted: May 17, 8:56 PM ET
Size: 26.3 KB

View on SEC.gov