YERXA BENJAMIN R 4
4 · INSPIRE PHARMACEUTICALS INC · Filed May 13, 2010
Insider Transaction Report
Form 4
YERXA BENJAMIN R
EVP & Chf, Research & Develop
Transactions
- Award
Stock Option (Right to Buy)
2010-05-12+17,500→ 17,500 totalExercise: $6.50Exp: 2017-05-11→ Common Stock (17,500 underlying) - Award
Restricted Stock Units
2010-05-12+1,750→ 1,750 total→ Common Stock (1,750 underlying)
Footnotes (3)
- [F1]Shall vest over four (4) years as follows: 25% on the first anniversary of the date of grant, and thereafter in thirty-six (36) monthly installments after the first anniversary date until fully vested.
- [F2]Shall vest as follows: 25% on June 1, 2011; 25% on June 1, 2012; 25% on June 1, 2013 and 25% on June 1, 2014.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of the common stock of Inspire Pharmaceuticals, Inc. The shares will be delivered following the end of the scheduled vesting date or 60 days following an earlier vesting date that occurs as a result of the grantee's separation from service.