LPATH, INC 4
4 · LPATH, INC · Filed Feb 11, 2015
Insider Transaction Report
Form 4
LPATH, INCLPTN
Atkinson Gary J G
VP & CFO
Transactions
- Exercise/Conversion
Common Stock
2015-02-10+7,143→ 28,441 total - Tax Payment
Common Stock
2015-02-10$2.87/sh−2,500$7,175→ 25,941 total - Exercise/Conversion
Restricted Stock Unit
2015-02-10−7,143→ 0 total→ Common Stock (7,143 underlying) - Award
Stock Option (Right to Buy)
2015-02-09+50,000→ 50,000 totalExercise: $2.86Exp: 2025-02-19→ Common Stock (50,000 underlying)
Footnotes (5)
- [F1]Represents a restricted stock unit previously reported as 50,000 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 the Issuer's common stock, subject to vesting requirements, at no additional conversion or exercise price.
- [F3]The shares were withheld at the election of the reporting person to satisfy the Issuer's minimum tax withholding obligations in connection with the vesting and delivery of restricted stock units granted in February 2010.
- [F4]25% of the option shares vest and become exercisable one year following the date of grant (Feburary 9, 2015) and the remaining shares will vest and become exercisable in 36 equal monthly installments thereafter.
- [F5]25% of the Restricted Stock Units vested one year following the date of grant (February 10, 2010) and the remaining shares vested in 12 equal quarterly installments thereafter. Vested shares were delivered to the reporting person on the fifth anniversary of the date of grant.