MDRNA, Inc. 4
4 · MDRNA, Inc. · Filed Jun 25, 2008
Insider Transaction Report
Form 4
MDRNA, Inc.MRNA
FRENCH J MICHAEL
President and CEO
Transactions
- Award
MDRNA, Inc. Common Stock Options
2008-06-23$1.27/sh+420,000$533,400→ 420,000 totalExercise: $1.27Exp: 2018-06-23→ Common Stock (420,000 underlying)
Footnotes (1)
- [F1]On June 23, 2008 the reporting person was granted options to purchase incentive options to purchase 160,037 shares of common stock pursuant to the 2008 Stock Incentive Plan of MDRNA, Inc. and non-qualified options to purchase 1,099,963 shares of common stock as an employment inducement grant (for an aggregate of 1,260,000 shares). The options have a term of ten years beginning on June 23, 2008 and become exercisable according to the following schedule: options to purchase 420,000 shares of common stock at an exercise price of $1.27 become exercisable on June 23, 2009; options to purchase 105,000 shares of common stock at an exercise price of $2.27 vest on each of September 10, 2009, December 10, 2009, March 10, 2010 and June 10, 2010 (for an aggregate of 420,000 shares); and options to purchase 105,000 shares of common stock at an exercise price of $3.27 vest on each of September 10, 2010, December 10, 2010, March 10, 2011 and June 9, 2011 (for an aggregate of 420,000 shares).