GERBER MICHAEL J 4
4 · MYOGEN INC · Filed Feb 28, 2005
Insider Transaction Report
Form 4
MYOGEN INCMYOG
GERBER MICHAEL J
SVP Clinical Dev & Reg Affairs
Transactions
- Award
Stock Option (right to buy)
2005-02-24+14,340→ 14,340 totalExercise: $8.48Exp: 2010-02-23→ Common Stock (14,340 underlying) - Award
Stock Option (right to buy)
2005-02-24+32,000→ 32,000 totalExercise: $8.48From: 2006-02-24Exp: 2015-02-23→ Common Stock (32,000 underlying)
Footnotes (2)
- [F1]One-hundred percent (100%) of the options shall vest if the average of the Issuer's closing stock price equals or exceeds a pre-determined milestone level for any consecutive five (5) trading day period prior to their termination. Notwithstanding the foregoing, if the Issuer consummates a Corporate Transaction (as defined in the Issuer's 2003 Equity Incentive Plan) and options have not vested or terminated prior to the closing of such Corporate Transaction, then the options shall instead vest over a four-year period (calculated from the date of grant), with 25% of the options vesting on or as of the first anniversary of the date of grant, and the remaining 75% of the options vesting in 36 equal monthly installments thereafter. The option expires five years after the date of grant.
- [F2]25% of the options vest on the first anniversary of the date of grant. The remaining 75% vest in 36 equal monthly installments thereafter. The option expires ten years after the date of grant.