PANACOS PHARMACEUTICALS, INC. 4
4 · PANACOS PHARMACEUTICALS, INC. · Filed Jun 14, 2007
Insider Transaction Report
Form 4
LERNER IRWIN
Director
Transactions
- Award
Stock Option (Right to Buy)
2007-06-12+15,000→ 15,000 totalExercise: $8.27From: 2007-06-12Exp: 2016-01-24→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2007-06-12+7,500→ 7,500 totalExercise: $3.92From: 2007-07-12Exp: 2017-06-12→ Common Stock (7,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-06-12−15,000→ 0 totalExercise: $8.27From: 2007-01-24Exp: 2016-01-24→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]Stock option granted on January 24, 2006. The option vested fully on January 24, 2007. On June 12, 2007, the Board of Directors authorized the cancellation of the option grant due to administrative errors in connection with the granting of the option and authorized the Corporation to replace the cancelled option with an identical grant from the same option plan. The replacement options contain identical exercise prices, expiration dates and vesting schedules to the cancelled options.
- [F2]Annual stock option grant pursuant to the Corporation's Amended and Restated Director Compensation Policy. The option will vest monthly at 1/12 per month, commencing one month after the grant date, over one year, provided the Director continues to serve as a member of the Board.