LPATH, INC 4
4 · LPATH, INC · Filed Mar 16, 2016
Insider Transaction Report
Form 4
LPATH, INCLPTN
Atkinson Gary J G
VP & CFO
Transactions
- Tax Payment
Common Stock
2016-03-09$0.19/sh−3,325$632→ 32,116 total - Exercise/Conversion
Restricted Stock Units
2016-03-09−9,500→ 0 total→ Common Stock (9,500 underlying) - Exercise/Conversion
Common Stock
2016-03-09+9,500→ 35,441 total
Footnotes (4)
- [F1]Represents a restricted stock unit previously reported as 66,500 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 March 2011.
- [F4]25% of the Restricted Stock Units vested one year following the date of grant (March 9, 2011) 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.