Adverum Biotechnologies, Inc. 4
4 · Adverum Biotechnologies, Inc. · Filed Apr 21, 2017
Insider Transaction Report
Form 4
Spivey Richard N.
Director
Transactions
- Award
Common Stock
2017-04-19+48,077→ 48,077 total - Award
Stock Option (Right to Buy)
2017-04-19+69,061→ 69,061 totalExercise: $2.60Exp: 2027-04-18→ Common Stock (69,061 underlying)
Footnotes (2)
- [F1]Restricted Stock Units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock of the Issuer for each one (1) RSU upon the vesting thereof. Such RSUs vest with respect to 1/3 of the shares subject thereto on each anniversary of April 19, 2017 (the "Vesting Commencement Date"), such that all of the shares subject to the RSUs shall be vested as of the third anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
- [F2]1/3 of the total number of shares subject to the option vest and become exercisable on each anniversary of the Vesting Commencement Date, such that all of the shares subject to the option shall become vested and exercisable as of the third anniversary of the Vesting Commencement Date, subject to the Reporting Person's continued service with the Issuer on each such vesting date.