HUNTER JEFF N 4
4 · Novan, Inc. · Filed Nov 3, 2017
Insider Transaction Report
Form 4
Novan, Inc.NOVN
HUNTER JEFF N
VP of Technical Operations
Transactions
- Award
Employee Stock Option (right to buy)
2017-11-01+25,000→ 50,000 totalExercise: $5.48From: 2017-11-01Exp: 2027-07-31→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]On August 1, 2017, the reporting person received an employee stock option to buy 80,000 shares of common stock, with 25,000 shares subject to the option vesting immediately as of August 1, 2017 and the remaining 55,000 shares subject to the option vesting, if at all, upon satisfaction of certain performance criteria by the Company. The Company met one of the specified performance criteria, resulting in 25,000 shares subject to the option to vest on November 1, 2017.