LPATH, INC 4

4 · LPATH, INC · Filed Feb 12, 2014

Form 4

Period: 2014-02-10

Director

Transactions

Exercise/Conversion
Class A Common Stock
2014-02-10+2,858→ 761,170 total(indirect: By Trust)
Award
Stock Option (Right to Buy)
2014-02-10+15,000→ 15,000 total
Exercise: $4.45Exp: 2024-02-10→ Class A Common Stock (15,000 underlying)
Exercise/Conversion
Restricted Stock Unit
2014-02-10−2,858→ 0 total
→ Class A Common Stock (2,858 underlying)

Footnotes (5)

[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]Includes 42,000 shares previously reported as held indirectly by a corporation and subsequently distributed to the reporting person's trust by the corporation for no consideration. The reporting person no longer has beneficial ownership of the remaining 42,000 shares previously reported as held indirectly by the corporation.
[F4]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.
[F5]The option shares vest and become exercisable in 12 equal monthly installments beginning on March 10, 2014.

Documents

1 file