ACCENTIA BIOPHARMACEUTICALS INC 4
4 · ACCENTIA BIOPHARMACEUTICALS INC · Filed Aug 20, 2010
Insider Transaction Report
Form 4
Pearce Alan M
DirectorChief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2010-02-12+2,500,000→ 2,500,000 totalExercise: $0.44Exp: 2020-02-12→ Common Stock (2,500,000 underlying) - Award
Stock Option (Right to Buy)
2009-02-24+1,000,000→ 1,000,000 totalExercise: $0.18Exp: 2019-02-24→ Common Stock (1,000,000 underlying) - Award
Stock Option (Right to Buy)
2009-02-24+50,000→ 50,000 totalExercise: $0.18Exp: 2019-02-24→ Common Stock (50,000 underlying)
Footnotes (7)
- [F1]Exercise price is 100% of fair market value on date of grant
- [F2]The options shall vest in three equal tranches: (a) one-third on the date of confirmation of the Issuer's Bankruptcy Plan of Reorganization; (b) one-third on the 90th after the date of confirmation of the Issuer's Bankruptcy Plan of Reorganization; and (c) one-third on the 180th after the date of confirmation of the Issuer's Bankruptcy Plan of Reorganization. Shares underlying the options are restricted as to resale until the 12- month anniversary of the effective date of the Issuer's Bankruptcy Plan of Reorganization.
- [F3]Options terminate 10 years from grant date, or 90 days after the non-employee director ceases to be a director for any reason, other than death, disability or retirement.
- [F4]Stock options acquired pursuant to the Issuer's plan of compensation for Directors.
- [F5]Stock options acquired pursuant to the Issuer's plan of compensation for Employees.
- [F6]The option shall become 100% vested upon effective date of the Issuer's Bankruptcy Plan of Reorganization and the first to occur of a) six (6) months following the closing of a capital raise by the Issuer's with gross proceeds of a minimum of $5.0 million; or b) two (2) years from the effective date of the Issuer's Bankruptcy Plan. Shares underlying the options are restricted as to resale until the 12- month anniversary of the effective date of the Issuer's Bankruptcy Plan of Reorganization.
- [F7]Options terminate 10 years from grant date, or 90 days after the employee ceases to be employed by the Issuer for any reason, other than death, disability or retirement.