Wright Paul 4
4 · UNIVERSAL BIOSENSORS INC · Filed May 13, 2011
Insider Transaction Report
Form 4
Wright Paul
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2011-05-12+2,300,000→ 2,300,000 totalExercise: $1.38Exp: 2018-02-23→ Common Stock (2,300,000 underlying)
Footnotes (3)
- [F1]The prices reported are stated in Australian dollars.
- [F2]On February 24, 2011, the board of directors approved the grant of these options subject to shareholder approval. Such shareholder approval was received on May 12, 2011.
- [F3]1,400,000 options vest in equal traunches over three years subject to continued employment at the time of vesting. 500,000 of the options vest upon the company entering into a material partnership/licensing agreement for at least one major market with respect to one or more of the non-blood glucose products currently in development. 400,000 options vest upon CE marketing or first regulatory approval in the United States of the final test to which the partnership/licensing arranagement relates, subject to continued employment at the time of vesting.