Multicell Technologies Inc. 4

4 · Multicell Technologies Inc. · Filed Jun 17, 2005

Form 4

Period: 2004-06-15

Director

Transactions

Award
Options to purchase shares of common stock
2004-06-15$1.25/sh+50,000$62,500→ 80,000 total
Exercise: $1.25Exp: 2009-06-14→ Common Stock (50,000 underlying)
Award
Common Stock
2004-12-07$0.80/sh+8,750$7,000→ 13,550 total
Award
Common Stock
2004-09-16$1.25/sh+3,200$4,000→ 4,800 total
Award
Options to purchase shares of common stock
2005-01-27$1.40/sh+1,000,000$1,400,000→ 1,130,000 total
Exercise: $1.40Exp: 2010-01-26→ Common Stock (1,000,000 underlying)
Award
Common Stock
2005-05-18$1.10/sh+23,636$26,000→ 36,986 total
Award
Options to purchase shares of common stock
2004-06-15$1.25/sh+30,000$37,500→ 30,000 total
Exercise: $1.25Exp: 2009-06-14→ Common Stock (30,000 underlying)
Award
Options to purchase shares of common stock
2004-09-16$1.35/sh+50,000$67,500→ 130,000 total
Exercise: $1.35Exp: 2009-09-15→ Common Stock (50,000 underlying)
Award
Common Stock
2004-06-15$1.25/sh+1,600$2,000→ 1,600 total

Footnotes (4)

[F1]Issued as compensation pursuant to the 2004 Equity Incentive Plan.
[F2]This option provided for vesting of 1/36 of the options at monthly anniversary of the grant.
[F3]On January 29, subject to completion of the private placement offering, the Company entered into employment and consulting agreements with Dr. Stephen Chang. Under the terms of these agreements Dr. Chang was granted stock options to purchase 5.0 million shares of common stock at twenty-eight cents ($0.28) per share, pre May 18, 2005 1 for 5 reverse stock split.
[F4]All share amounts and prices reflect the effect of a one-for-five reverse split of the Issuer's common stock effective on May 18, 2005.

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