LYTTON MICHAEL 4
4 · PATHEON INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
PATHEON INCPTI
LYTTON MICHAEL
EVP CORPORATE DEVELOPMENT & ST
Transactions
- Purchase
Restricted Voting Shares
2011-06-15$2.04/sh+27,700$56,508→ 27,700 total - Award
Employee Stock Option (right to buy)
2011-06-15+400,000→ 400,000 totalExercise: $2.13Exp: 2021-06-15→ Restricted Voting Shares (400,000 underlying)
Footnotes (3)
- [F1]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.01 to $2.04, inclusive. The reporting person undertakes to provide to Patheon Inc., any security holder of Patheon Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). The amounts reported in column 4 and this footnote (1) were converted from Canadian dollars into U.S. dollars based on the June 15, 2011 closing exchange rate of 0.9790 Canadian dollars per U.S. dollar as quoted by Reuters.
- [F2]The exercise price was converted from C$2.09 based on the June 15, 2011 closing exchange rate of 0.9790 Canadian dollars per U.S. dollar as quoted by Reuters. The actual exercise price will be the Canadian dollar amount regardless of the exchange rate on the date of grant or of exercise.
- [F3]The option vests in five equal annual installments on June 15, 2012, June 15, 2013, June 15, 2014, June 15, 2015, and June 15, 2016.