Reali Kenneth Michael 4
4 · TRANS1 INC · Filed Jan 27, 2012
Insider Transaction Report
Form 4
TRANS1 INCTSON
Reali Kenneth Michael
President & COO
Transactions
- Award
Stock Option (right to buy)
2012-01-25+200,000→ 200,000 totalExercise: $2.83Exp: 2022-01-25→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]The issuer granted Mr. Reali incentive stock options to purchase 200,000 shares of the issuer's common stock.
- [F2]The vesting of 50% of the stock options shall be tied to the achievement of a specified issuer milestone for the fiscal year 2012; upon achieving such milestone, the portion of the stock options subject to the milestone shall vest as to 25% of the shares on January 25, 2013 and in 36 equal monthly installments thereafter. The remaining 50% of the stock options shall vest as follows: 25% of the shares on January 25, 2013 and in 36 equal monthly installments thereafter. To the extent such incentive stock options exceed the $100,000 per year limitation provided in section 422(d) of the Internal Revenue Code, they will be treated as non-qualified stock options.