PURE BIOSCIENCE, INC. 4
4 · PURE BIOSCIENCE, INC. · Filed Jun 26, 2017
Insider Transaction Report
Form 4
Lambert Henry R.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2017-06-22+200,000→ 539,556 total - Award
Stock Options (Right to Buy)
2017-06-22+400,000→ 400,000 totalExercise: $1.19Exp: 2027-06-22→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]Represents the issuance of restricted stock units (the "RSUs"). 25% of the RSUs vest on December 31, 2018 with the remaining shares vesting in 3 equal annual installments thereafter. Vested shares will be delivered to the Reporting Person on the earlier of (i) the ten-year anniversary of the Grant Date; (ii) sixty days after the date the Grantee's Service ceases for any reason and such cessation constitutes a "separation from service" within the meaning of Section 409A of the Code; (iii) the date of Grantee's death or (iv) the date of a Change in Control that constitutes a "change in control event" within the meaning of Section 409A of the Code.
- [F2]25% of the option shares shall vest and become exercisable on December 31, 2018 with the remaining shares vesting in 3 equal annual installments thereafter.