SCHWARTZ JOHN J 4
4 · STEMCELLS INC · Filed Apr 21, 2009
Insider Transaction Report
Form 4
STEMCELLS INCSTEM
SCHWARTZ JOHN J
Director
Transactions
- Award
Stock Option (right to buy)
2009-04-17+10,000→ 10,000 totalExercise: $1.69From: 2010-04-17Exp: 2019-04-17→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Compensated non-employee directors receive an initial option for 20,000 shares of the Company's common stock on appointment to the Board of Directors as such, and an option for 10,000 shares on each anniversary of appointment, with a strike price equal to the closing price of the stock on such date (or the last preceding business day if such day is not a business day); initial options vest 1/3 on each of the first three anniversaries of appointment, and annual options vest on the first anniversary of each such option.