EPIX Pharmaceuticals, Inc. 4
4 · EPIX Pharmaceuticals, Inc. · Filed Jan 3, 2008
Insider Transaction Report
Form 4
Kauffman Michael G
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2007-10-19$3.08/sh+28,666$88,291→ 229,152 total
Footnotes (1)
- [F1]Represents shares issued pursuant to the second and final milestone payment obligation payable to the stockholders, option holders and warrant holders of Predix Pharmaceuticals Holdings, Inc. ("Predix") on October 29, 2007 pursuant to that certain merger agreement by and among the Issuer, EPIX Delaware, Inc. and Predix. Using a formula set forth by the merger agreement, the amount of milestone shares issuable was determined on October 19, 2007 by calculating 75% of the average closing price of EPIX common stock on the NASDAQ Global Market over the 30 trading days ending on October 19, 2007.