PECOTA NANCY E 4
4 · ARADIGM CORP · Filed Sep 20, 2011
Insider Transaction Report
Form 4
ARADIGM CORPARDM
PECOTA NANCY E
VP and CFO
Transactions
- Tax Payment
Common Stock
2011-09-20$0.15/sh−62,938$9,718→ 722,062 total - Award
Common Stock
2011-09-16+250,000→ 785,000 total
Footnotes (5)
- [F1]Represents grant of restricted stock that will vest 100% on September 17, 2012.
- [F2]Inapplicable.
- [F3]Includes shares of unvested Restricted Stock.
- [F4]Represents shares sold to cover taxes upon vesting and release of a Restricted Stock Award of 300,000 shares dated September 17, 2010 which vests as to 100% of the shares on September 16, 2011.
- [F5]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.154528 to $0.153, inclusive. The reporting person undertakes to provide to Aradigm Corp., any security holder of Aradigm Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.