FRANCO RICHARD A 4
4 · DARA BioSciences, Inc. · Filed May 16, 2011
Insider Transaction Report
Form 4
FRANCO RICHARD A
DirectorPresident & CEO
Transactions
- Conversion
Common Stock
2011-05-12−200→ 0 totalExercise: $2.50→ Common Stock (80,000 underlying) - Conversion
Common Stock
2011-05-12$2.50/sh+80,000$200,000→ 246,334 total
Footnotes (1)
- [F1]The reporting person converted 200 shares of Series A Convertible Preferred Stock into 80,000 shares of common stock. The Series A Convertible Stock had a stated value of $1,000 per share and was convertible into common stock at a conversion price of $2.50.