Powers Gregory L. 4
4 · VERENIUM CORP · Filed Nov 17, 2009
Insider Transaction Report
Form 4
VERENIUM CORPVRNM
Powers Gregory L.
EVP Research & Development
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2009-11-12−12,500→ 0 totalExercise: $11.52Exp: 2018-10-29→ Common Stock (12,500 underlying) - Award
Stock Option (Right to Buy)
2009-11-12+20,833→ 20,833 totalExercise: $3.85Exp: 2019-11-12→ Common Stock (20,833 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2009-11-12−8,333→ 0 totalExercise: $11.52Exp: 2018-10-29→ Common Stock (8,333 underlying)
Footnotes (5)
- [F1]Exchanged for new options to purchase shares of common stock at an exercise price of $3.85 per share pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009.
- [F2]The option vests as to 25% of the shares on the first anniversary of the date of grant, then vests in increments of 6.25% each quarter thereafter.
- [F3]The option vests 100% on the seventh anniversary of the grant date (subject to accelerated vesting upon achievement of corporate goals to be determined by the Compensation Committee of the Board).
- [F4]Granted in exchange for options surrendered (reported above) pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009.
- [F5]The options shall vest according to the following schedule: 1,563 options vested on 11/12/09 and 8,854 options shall vest ratably over the next 12 quarters beginning with the quarter ending 12/31/2009. The remaining 10,416 options shall vest ratably over the next 20 quarters beginning with the quarter ending 12/31/2009.