Grant Stuart 4
4 · PATHEON INC · Filed Jun 20, 2012
Insider Transaction Report
Form 4
PATHEON INCPTI
Grant Stuart
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-06-18+125,000→ 550,000 totalExercise: $2.00Exp: 2022-06-17→ Restricted Voting Shares (125,000 underlying)
Footnotes (2)
- [F1]The exercise price was converted from C$2.05 based on the June 18, 2012 closing rate of exchange of 1.0233 Canadian dollars per U.S. dollars 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.
- [F2]The options may be exercised, in whole or in part, at any time and from time to time, on or after the earlier of: the achievement by Patheon Inc. of US$175,000,000 adjusted EBITDA during any fiscal year ending after the date of grant until expiry; or on or after June 18, 2017 until expiry.