Sargent Bruce J 4
4 · ALBANY MOLECULAR RESEARCH INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
Sargent Bruce J
Sr VP, Drug Discovery
Transactions
- Award
Option to purchase Common Stock
2012-02-17$2.93/sh+30,000$87,900→ 30,000 totalExercise: $2.93Exp: 2016-02-17→ Common stock (30,000 underlying) - Award
Common Stock
2012-02-17$2.93/sh+10,000$29,300→ 53,896 total
Footnotes (1)
- [F1]50% of grant is time based and 50% is performance based. Time based grant vests 25% per year on each of the first 4 anniversaries of the date of grant. Performance based grant will vest at 25% on each anniversary of the grant date through 2016 if (1) certain performance criteria related to the Company's operating profitability are reached and (2) the grantee is employed on such anniversary date. If the foregoing criteria are not met on any anniversary date, 25% of the shares of restricted stock/options under this award will immediately be forfeited.