HENNER DENNIS 4
4 · KALOBIOS PHARMACEUTICALS INC · Filed May 3, 2013
Insider Transaction Report
Form 4
HENNER DENNIS
Director10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2013-05-01+15,000→ 15,000 totalExercise: $6.00Exp: 2023-04-30→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]The option vests monthly over 15 months commencing on May 1, 2013 or fully vests at the 2014 annual shareholder meeting if still seated as a board member, whichever comes first.
- [F2]The reporting person is a Series A member of MPM BioVentures III LLC ("MPM III LLC"), which is the indirect general partner of a number of partnerships (collectively the "Funds") that hold securities of the Issuer. Under the partnership agreements of the Funds, the reporting person holds the reported securities for the exclusive benefit of the Funds. As a result, the Funds may be deemed the indirect beneficial owners of the securities reported herein, and the reporting person may be deemed the indirect beneficial owner of such securities through his interest in MPM III LLC. The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.