REDDICK ANDREW D 4
4 · ACURA PHARMACEUTICALS, INC · Filed Apr 27, 2009
Insider Transaction Report
Form 4
REDDICK ANDREW D
DirectorPresident and CEO
Transactions
- Award
Common Stock
2009-04-24+85,000→ 910,000 total - Award
Common Stock
2009-04-24+250,000→ 250,000 totalExercise: $6.29Exp: 2019-04-23→ Common Stock (250,000 underlying)
Footnotes (5)
- [F1]Restricted Stock Units vest in equal monthly installments over 24 months commencing May 24, 2009. Absent a change of control, shares of common stock will be distributed under the Restricted Stock Units (after payment of $.01 par value per share) in four equal installments on January 1st of each of 2011, 2012, 2013 and 2014. If a change of control occurs (whether prior to or after 2011), one share of common stock will be distributed for each outstanding Restricted Stock Unit (after payment of $0.01 per share par value) at or about the time of the change of control.
- [F2]The Restricted Stock Units have no expiration date. Absent a change of control, distributions of common stock under the Restricted Stock Units will be made in 2011, 2012, 2013 and 2014.
- [F3]Grant is a grant of Restricted Stock Units. Restricted Stock Units represent rights to an equivalent number of shares of Common Stock of the Issuer. Upon issuance of Common Stock under the Restricted Stock Units, holders of Restricted Stock Units must pay par value ($.01) for each share acquired.
- [F4]Option vests and is exercisable in 24 equal monthly installments on the 24th day of each calendar month beginning May 24, 2009.
- [F5]Not Applicable.