Kurman Michael R 4
4 · AVALON PHARMACEUTICALS INC · Filed Oct 28, 2005
Insider Transaction Report
Form 4
Kurman Michael R
Director
Transactions
- Award
Stock Option (right to buy)
2005-10-26+10,000→ 10,000 totalExercise: $6.00→ Common Stock (10,000 underlying) - Award
Stock Option (right to buy)
2005-10-26+2,750→ 2,750 totalExercise: $6.00From: 2006-04-26→ Common Stock (2,750 underlying)
Footnotes (2)
- [F1]The option will expire at the close of business at the Issuer's headquarters on the day before the 10th anniversary of the grant of the option. The option will expire earlier if the reporting person's service to the Issuer terminates. If the reporting person's service to the Issuer terminates for any reason, other than death, disability or cause, then the option will expire at the close of business at the Issuer's headquarters on the 90th day after the reporting person's termination date.
- [F2]The option vests in equal monthly installments over the course of two years from the grant date.