REDDICK ANDREW D 4
4 · ACURA PHARMACEUTICALS, INC · Filed Jan 4, 2011
Insider Transaction Report
Form 4
REDDICK ANDREW D
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2011-01-01$3.31/sh−93,038$307,956→ 992,609 total
Footnotes (3)
- [F1]Shares of common stock of the Issuer withheld by the Issuer in satisfaction of the Reporting Person's tax withholdings on the exchange of Restricted Stock Units for common stock of the Issuer.
- [F2]Price is closing price of Issuer's coomon stock on December 31, 2010.
- [F3]Effective January 1, 2011, 227,500 Restricted Stock Units were exchanged for shares of common stock. Amount of securities include 682,500 remaining Restricted Stock Units held by Reporting Person. Absent a change of control, shares of common stock will be distributed in exchange for Restricted Stock Units (after payment of $.01 par value per share) in three equal installments on January 1st of each of 2012, 2013 and 2014.