MEDAREX INC 4
4 · MEDAREX INC · Filed Mar 9, 2009
Insider Transaction Report
Form 4
MEDAREX INCMEDX
Bartels Ursula B
Sr. V.P., Gen. Counsel & Sec.
Transactions
- Award
Restricted Stock Units
2009-03-05+31,200→ 31,200 total→ Common Stock (31,200 underlying) - Award
Stock Option (Right to Buy)
2009-03-05+93,600→ 93,600 totalExercise: $3.72Exp: 2019-03-04→ Common Stock (93,600 underlying)
Footnotes (3)
- [F1]One quarter (1/4) of the shares vest on each of the one-year, two-year, three year and four-year anniversaries of the grant date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Medarex, Inc. common stock.
- [F3]The restricted stock units vest in accordance with the following schedule, provided that (i) vesting shall cease upon termination of a participant's service and (ii) the award shall become fully and immediately vested upon a Change in Control as defined in the Medarex 2005 Equity Incentive Plan: One-fourth (1/4th) of the shares subject to the award shall vest on the date that is thirteen (13) months after the date of the grant, and one-fourth (1/4th) of the shares subject to the award shall vest on the second, third and fourth anniversaries of the date of grant. An election to defer delivery of the shares is permitted.