Ottinger Bradley 4
4 · Axogen, Inc. · Filed Jun 3, 2020
Insider Transaction Report
Form 4
Axogen, Inc.AXGN
Ottinger Bradley
General Counsel and CCO
Transactions
- Award
Employee Stock Option (right to purchase)
2020-06-01+67,000→ 67,000 totalExercise: $9.72Exp: 2030-06-01→ Common Stock (67,000 underlying) - Award
Restricted Stock Units
2020-06-01+31,000→ 31,000 total→ Common Stock (31,000 underlying)
Footnotes (3)
- [F1]All shares of Axogen, Inc. common stock underlying the employee stock option will be fully vested on June 1, 2024 (4 years from the option grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on June 1, 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 June 1, 2024 (4 years from the grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on June 1, 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.