LPATH, INC 4
4 · LPATH, INC · Filed Feb 12, 2014
Insider Transaction Report
Form 4
LPATH, INCLPTN
MATHEWS CHARLES
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2014-02-10+2,858→ 10,716 total - Exercise/Conversion
Restricted Stock Unit
2014-02-10−2,858→ 0 total→ Class A Common Stock (2,858 underlying) - Award
Stock Option (Right to Buy)
2014-02-10+15,000→ 15,000 totalExercise: $4.45Exp: 2024-02-10→ Class A Common Stock (15,000 underlying)
Footnotes (4)
- [F1]Represents a restricted stock unit previously reported as 20,000 shares as adjusted to reflect a 1-for-7 reverse stock split that occurred on October 8, 2012.
- [F2]The restricted stock unit represented a right to receive shares of Lpath, Inc. Class A common stock, subject to vesting requirements, at no additional conversion or exercise price.
- [F3]25% of the Restricted Stock Units vested on the date 3 month following the date of grant (February 9, 2009) and the remaining shares vested in 3 equal quarterly installments thereafter. Vested shares were delivered to the reporting person on the fifth anniversary of the date of grant.
- [F4]The option shares vest and become exercisable in 12 equal monthly installments beginning on March 10, 2014.