LPATH, INC 4
4 · LPATH, INC · Filed Apr 23, 2015
Insider Transaction Report
Form 4
LPATH, INCLPTN
Ferrell Jeffrey
Director
Transactions
- Exercise/Conversion
Common Stock
2015-04-22+5,715→ 9,001 total - Exercise/Conversion
Restricted Stock Units
2015-04-22−5,715→ 0 total→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Represents a restricted stock unit previously reported as 40,000 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. common stock, subject to vesting requirements, at no additional conversion or exercise price.
- [F3]25% of the Restricted Stock Units vested three months following the vesting commencement date of February 10, 2010 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 or upon an earlier termination of the reporting person's service to Lpath, disability, death or sale of Lpath.