Faris Ronald A 4

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

Form 4

Period: 2004-01-27

Chief Science Off. & Senior VP

Transactions

Award
Options to purchase shares of Common Stock
2004-01-27$3.05/sh+100,000$305,000→ 394,000 total
Exercise: $3.05Exp: 2008-01-27→ Common Stock (100,000 underlying)
Award
Common Stock
2004-05-12$1.65/sh+20,000$33,000→ 235,831 total
Award
Options to purchase shares of Common Stock
2005-05-18$2.00/sh+200,000$400,000→ 594,000 total
Exercise: $2.00Exp: 2010-05-17→ Common Stock (200,000 underlying)

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]In conjunction with this private placement, the Company entered into a series of standstill agreements with 27 of its security holders, wherein the security holders have agreed not to an exercise an aggregate of 25,635,500 options and warrants to purchase common stock, until such time as the Company has obtained shareholder approval to amend its certificate of incorporation to provide for additional authorized shares of common stock.
[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.

Documents

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