4//SEC Filing
LIPOSCIENCE INC 4
Accession 0001209191-13-039707
CIK 0001168197operating
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 4:34 PM ET
Size
12.8 KB
Accession
0001209191-13-039707
Insider Transaction Report
Form 4
LIPOSCIENCE INCLPDX
HURLEY JAMES R
Director
Transactions
- Award
Stock option (right to buy)
2013-08-05+14,864→ 14,864 totalExercise: $5.55Exp: 2023-08-05→ Common Stock (14,864 underlying) - Award
Common Stock
2013-08-05+1,238→ 3,715 total - Award
Stock option (right to buy)
2013-08-05+7,432→ 7,432 totalExercise: $5.55Exp: 2023-08-05→ Common Stock (7,432 underlying) - Award
Common Stock
2013-08-05+2,477→ 2,477 total
Footnotes (6)
- [F1]This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]As a newly elected director, the reporting person was awarded a number of restricted stock units equal to $13,750 divided by $5.55, the closing price of the issuer's common stock on the date of grant, August 5, 2013. The shares underlying this restricted stock unit award vest in two equal installments on the first and second anniversaries of the grant date, subject to the reporting person's continued service with the issuer as of the vesting date.
- [F3]This grant was made pursuant to the issuer's non-employee director compensation policy.
- [F4]As part of a non-employee director's annual equity compensation, the reporting person was awarded a number of restricted stock units equal to $6,875 divided by $5.55, the closing price of the issuer's common stock on the date of grant, August 5, 2013. The shares underlying this restricted stock unit award vest in four installments, with a prorated portion vesting on September 14, 2013 and the remainder vesting in equal installments on each of December 14, 2013, March 14, 2014 and June 14, 2014, in each case subject to the reporting person's continued service with the issuer as of each vesting date.
- [F5]One-half of the shares underlying this stock option vest immediately prior to the issuer's 2014 annual meeting of stockholders, with the remainder vesting immediately prior to the issuer's 2015 annual meeting of stockholders, in each case subject to the reporting person's continued service with the issuer as of the vesting date.
- [F6]This stock option vests in four installments, with a prorated portion vesting on September 14, 2013 and the remainder vesting in equal installments on each of December 14, 2013, March 14, 2014 and June 14, 2014, in each case subject to the reporting person's continued service with the issuer as of each vesting date.
Documents
Issuer
LIPOSCIENCE INC
CIK 0001168197
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001168197
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 4:34 PM ET
- Size
- 12.8 KB