Huang Kelly 4
4 · OBALON THERAPEUTICS INC · Filed Jan 4, 2018
Insider Transaction Report
Form 4
Huang Kelly
Chief Operating Officer
Transactions
- Award
Stock Option (Right to Buy)
2018-01-02+80,000→ 80,000 totalExercise: $7.15Exp: 2028-01-02→ Common Stock (80,000 underlying)
Footnotes (1)
- [F1]The Option shall vest as to 1/6th of the Shares underlying the Option on September 6, 2018 (i.e., the one-year anniversary of Mr. Huang's employment commencement date) and as to 1/48th of the Shares underlying the Option on each monthly anniversary of the Grant Date thereafter, subject to the grantee's continued status as a Service Provider with the Company through the applicable vesting date. In addition, any portion of the Option that vests prior to the date on which Mr. Huang relocates his primary residence in accordance with the Relocation Obligations (as defined in his employee offer letter agreement with the Company dated September 6, 2017) will not be exercisable until such relocation date. The Option will automatically expire if Mr. Huang does not satisfy the Relocation Obligations.