Pandya Hemanshu 4
4 · IGI INC · Filed Jul 1, 2009
Insider Transaction Report
Form 4
IGI INCIG
Pandya Hemanshu
DirectorPresident and CEO
Transactions
- Award
Common Stock
2009-07-01+975,000→ 975,000 total - Award
Stock Option (Right to Buy)
2009-06-29+530,145→ 530,145 totalExercise: $1.07Exp: 2019-06-29→ Common Stock (530,145 underlying)
Footnotes (1)
- [F1]This grant will become fully vested over a period of three years as follows: (i) 8.33% of the shares subject to the option grant will vest on each of the following dates: (A) June 29, 2009, (B) September 30, 2009, and (C) December 31, 2009; (ii) 8.34% of the shares subject to the option grant will vest on March 31, 2010; (iii) 33.33% of the shares subject to the option grant will vest on June 29, 2011; and (iv) 33.34% of the shares subject to the option grant will vest on June 29, 2012.