PERITO PAUL L 4
4 · STAR SCIENTIFIC INC · Filed Dec 20, 2011
Insider Transaction Report
Form 4
PERITO PAUL L
DirectorPresident & COO
Transactions
- Award
Employee Stock Option (right to buy)
2011-12-16+2,600,000→ 2,600,000 totalExercise: $2.95From: 2011-12-16Exp: 2021-03-14→ Common Stock (2,600,000 underlying)
Footnotes (2)
- [F1]The option grant was approved by the Board of Directors under the Issuer's 2008 Incentive Award Plan (the "2008 Plan") on March 14, 2011, subject to stockholder approval of (1) the award and (2) an amendment to the 2008 Plan to increase the number of shares available for issuance under the 2008 Plan and to increase the maximum number of shares of common stock with respect to which awards may be granted under the 2008 Plan to any one participant in any one calendar year. Stockholders approved the award and the amendment to the 2008 Plan on December 16, 2011.
- [F2]The Reporting Person has the right to acquire an additional 1,400,000 shares of common stock upon exercise of options with the same exercise price and expiration date as the options reported above and with vesting conditions other than the passage of time. In addition, the Reporting Person has the right to acquire an additional 1,875,000 shares of common stock upon exercise of currently outstanding stock options with exercises prices and expiration dates that differ from that of the options reported above.