Egalet Corp 4
4 · Egalet Corp · Filed Jun 12, 2017
Insider Transaction Report
Form 4
Egalet CorpEGLT
CARLIN BARBARA
Chief Accounting Officer
Transactions
- Award
Stock Option (Right to Buy)
2017-06-08+30,000→ 30,000 totalExercise: $2.38Exp: 2027-06-08→ Common Stock (30,000 underlying)
Footnotes (1)
- [F1]25% of the options will vest on the later of (i) the 6-month anniversary of the grant date and (ii) the date on which the average closing price of the Company's common stock on NASDAQ is at least $3.33 for 30 consecutive trading days, provided that the grantee remains employed by the Company on the vesting date. 25% of the options will vest on the later of (i) the 12-month anniversary of the grant date and (ii) the date on which the average closing price of the Company's common stock on NASDAQ is at least $4.05 for 30 consecutive trading days, provided that the grantee remains employed by the Company on the vesting date. The remaining 50% of the options will vest on the later of (i) the 24-month anniversary of the grant date and (ii) the date on which the average closing price of the Company's common stock on NASDAQ is at least $4.76 for 30 consecutive trading days, provided that the grantee remains employed by the Company on the vesting date.