Leatherman Steven L 4
4 · Cryoport, Inc. · Filed Apr 6, 2012
Insider Transaction Report
Form 4
Cryoport, Inc.CYRX.OB
Leatherman Steven L
Chief Commercial Officer
Transactions
- Award
Option to Purchase Common Stock
2012-04-02$0.62/sh+100,000$62,000→ 250,000 totalExercise: $0.62Exp: 2022-04-02→ Common Stock (100,000 underlying) - Award
Option to Purchase Common Stock
2012-04-02$0.62/sh+150,000$93,000→ 150,000 totalExercise: $0.62Exp: 2022-04-02→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Vesting over 4 years at a rate of 18,750 shares every six months with the first vesting date being the six month anniversary of Mr. Leatherman's start date.
- [F2]To be vested as follows: (a) 50,000 common stock options when the Company achieves 5,000 shipments per month and (b) 50,000 common stock options when the Company achieves six-months of sustainable positive cash flow as determined by the Company's Board of Directors.