Lai Eric Hon Cheong 4
4 · GEN PROBE INC · Filed Feb 14, 2011
Insider Transaction Report
Form 4
GEN PROBE INCGPRO
Lai Eric Hon Cheong
Sr. V.P., Research & Dev.
Transactions
- Award
Stock Option (Right to Buy)
2011-02-10+27,713→ 27,713 totalExercise: $63.80Exp: 2018-02-10→ Common Stock (27,713 underlying) - Award
Performance Stock Rights
2011-02-10+4,722→ 4,722 totalExp: 2014-02-10→ Common Stock (4,722 underlying)
Footnotes (2)
- [F1]25% of the shares subject to the stock option vest on February 10, 2012, and the remaining shares vest in equal monthly installments over the following three years.
- [F2]The amount reported reflects the target number of shares of Issuer common stock that may be issued to the Reporting Person based on the Issuer's adjusted relative stockholder return over a three-year performance period commencing on January 1, 2011. Shares subject to performance stock rights vest and may be issued to the Reporting Person as follows: one-third of the shares vest and may be issued to the Reporting Person on each of the first anniversary, second anniversary and third anniversary of the performance stock right grant date, so long as the Reporting Person is employed by the Issuer on each such date. Based on actual achievement, the Reporting Person may receive between 0% and 200% of the target number of shares of Issuer common stock reported herein.