Carter Kenneth C 4
4 · AVALON PHARMACEUTICALS INC · Filed Aug 26, 2008
Insider Transaction Report
Form 4
Carter Kenneth C
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (Right to Buy)
2008-08-22+200,000→ 200,000 totalExercise: $0.80→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]The option vests on achievement of performance milestones.
- [F2]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.