Sandberg Eric 4
4 · Axogen, Inc. · Filed Mar 18, 2020
Insider Transaction Report
Form 4
Axogen, Inc.AXGN
Sandberg Eric
Chief Commercial Officer
Transactions
- Award
Employee Stock Option (right to purchase)
2020-03-16+24,000→ 24,000 totalExercise: $8.61Exp: 2030-03-16→ Common Stock (24,000 underlying) - Award
Restricted Stock Units
2020-03-16+12,000→ 12,000 total→ Common Stock (12,000 underlying)
Footnotes (3)
- [F1]All shares of Axogen, Inc. common stock underlying the employee stock option will be fully vested on March 16, 2024 (4 years from the option grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on March 16, 2022 (24 months from the option grant date) and an additional 12.5% of the aggregate shares vest each 6 months thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Axogen, Inc. common stock.
- [F3]All shares of Axogen Inc. common stock underlying the restricted stock units will be fully vested on March 16, 2024 (4 years from the grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on March 16, 2022 (24 months from the grant date) and an additional 25% of the aggregate shares vest each 12 months thereafter. Vested shares will be delivered to the reporting person upon the vesting date.