LPATH, INC 4
4 · LPATH, INC · Filed Mar 16, 2016
Insider Transaction Report
Form 4
LPATH, INCLPTN
MATHEWS CHARLES
Director
Transactions
- Exercise/Conversion
Common Stock
2016-03-09+3,485→ 19,916 total - Exercise/Conversion
Restricted Stock Units
2016-03-09−3,485→ 0 total→ Common Stock (3,485 underlying)
Footnotes (3)
- [F1]Represents a restricted stock unit previously reported as 24,390 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]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.