CRITICAL THERAPEUTICS INC 4
4 · CRITICAL THERAPEUTICS INC · Filed Nov 7, 2007
Insider Transaction Report
Form 4
Phillips Trevor
COO and SVP of Operations
Transactions
- Award
Option to Purchase Common Stock (Right to Buy)
2007-11-05+200,000→ 200,000 totalExercise: $1.80Exp: 2017-11-04→ Common Stock (200,000 underlying) - Award
Common Stock
2007-11-05$0.00/sh+50,000$50→ 88,222 total
Holdings
- 3,200(indirect: By Children)
Common Stock
Footnotes (4)
- [F1]Pursuant to the terms of a restricted stock agreement, on November 5, 2007, Mr. Phillips purchased from Critical Therapeutics, Inc. (the "Company") 50,000 shares of the common stock of the Company at a price of $0.001 per share. The shares of common stock subject to the award vest as to 50% of the shares on the six month anniversary of the grant date and as to the remaining 50% of the shares on the second anniversary of the grant date.
- [F2]Represents shares held by the children of the reporting person who share the reporting person's household. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. This report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- [F3]This option vests as to 50% of the shares subject thereto on the six month anniversary of the grant date, and as to the remaining 50% of the shares subject thereto on the second anniversary of the grant date.
- [F4]Not applicable.