4//SEC Filing
Boehm Garth 4
Accession 0001209191-09-025888
CIK 0000786947other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 9:04 AM ET
Size
8.9 KB
Accession
0001209191-09-025888
Insider Transaction Report
Form 4
Boehm Garth
VP Mod. Rel. Dosage Form Dev.
Transactions
- Award
Common Stock
2009-05-11+24,000→ 24,000 total - Award
Stock Options
2009-05-11+96,000→ 96,000 totalExercise: $7.10Exp: 2019-05-10→ Common Stock (96,000 underlying)
Footnotes (5)
- [F1]Grant is a grant of Restricted Stock Units. Restricted Stock Units represent rights to an equivalent number of shares of Common Stock of the Issuer. Upon issuance of Common Stock under the Restricted Stock Units, holders of Restricted Stock Units must pay par value ($.01) for each share acquired.
- [F2]Restricted Stock Units vest in 24 equal monthly installments (1,000 Restricted Stock Units per installment) on the eleventh day of each calendar month commencing on June 11, 2009. Absent a change of control, 6,000 shares of common stock will be distributed under the Restricted Stock Units (after payment of $.01 par value per share) 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 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.
- [F3]Exercise price per share is equal to the closing price of the Issuer's common stock on May 8, 2009, the trading day immediately preceding the May 11, 2009 commencement date of Reporting Person's employment.
- [F4]Option vests and is exercisable in 24 equal monthly installments (at the rate of 4,000 underlying shares per installment) on the eleventh day of each calendar month beginning June 11, 2009.
- [F5]Not Applicable.
Documents
Issuer
ACURA PHARMACEUTICALS, INC
CIK 0000786947
Entity typeother
Related Parties
1- filerCIK 0001289185
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 9:04 AM ET
- Size
- 8.9 KB