DEPOMED INC 4
4 · DEPOMED INC · Filed Feb 16, 2016
Insider Transaction Report
Form 4
DEPOMED INCDEPO
Shively Richard Scott
Chief Commercial Officer
Transactions
- Award
Stock Option
2016-02-11+105,000→ 105,000 totalExercise: $16.07Exp: 2026-02-11→ Common Stock (105,000 underlying) - Award
Restricted Stock Units
2016-02-11+45,000→ 45,000 total→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- [F2]These restricted stock units are scheduled to vest 25% on December 1, 2016, 25% on December 1, 2017, 25% on December 1, 2018, and 25% on December 1, 2019, assuming continued employment through the applicable vesting date.
- [F3]1/8th of these stock options are exercisable on September 2nd, 2015 and the balance are exercisable in 42 equal monthly installments.