VERGIS GEORGE J 4
4 · NEOSE TECHNOLOGIES INC · Filed Jan 31, 2006
Insider Transaction Report
Form 4
VERGIS GEORGE J
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Unit
2006-01-30+16,155→ 16,155 totalExercise: $0.00→ Common Stock (16,155 underlying) - Award
Non-Qualified Stock Option (right to buy)
2006-01-30+50,000→ 50,000 totalExercise: $2.29Exp: 2016-01-30→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]None of the options are currently exercisable. 12,500 options will become exercisable on each of January 30, 2007, 2008, 2009 and 2010.
- [F2]The award is a restricted stock unit representing a contractual right to the delivery of the above-specified number of shares of the Company's common stock on a future date. The right to the shares vests, based on the continued service of the grantee, in quarterly installments over the year following the date of grant, subject to acceleration upon a change in control of the Company. The actual delivery of the shares will occur upon the earliest of (i) cessation of service, (ii) 18 months following the date of grant, or (iii) a change in control of the Company.