Novan, Inc. 4
4 · Novan, Inc. · Filed Mar 24, 2017
Insider Transaction Report
Form 4
Novan, Inc.NOVN
HUNTER JEFF N
VP of Technical Operations
Transactions
- Award
Employee Stock Option (right to buy)
2017-03-06+11,665→ 11,665 totalExercise: $6.95Exp: 2027-03-05→ Common Stock (11,665 underlying)
Footnotes (1)
- [F1]The option shall become vested and exercisable in three equal installments, with 1/3 of the shares subject to the option vesting immediately as of March 6, 2017 (the "Grant Date"). Thereafter, 1/3 of the shares subject to the option shall vest annually upon each anniversary of the Grant Date, such that the option shall be fully vested and exercisable on the second anniversary of the Grant Date.