SUTARA BHUPATLA 4
4 · INTERPHARM HOLDINGS INC · Filed Jul 12, 2006
Insider Transaction Report
Form 4
SUTARA BHUPATLA
President
Transactions
- Exercise/Conversion
Option to Purchase Common Stock
2006-06-22−100,000→ 700,000 totalExercise: $0.68Exp: 2013-05-30→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2006-06-22$0.68/sh+100,000$68,200→ 104,000 total
Footnotes (1)
- [F1]Options to purchase 800,000 shares of common stock of Interpharm Holdings, Inc. ("Interpharm") were granted to Bhupatlal Sutaria on May 30, 2003. The options have the following vesting provisions: 25% of such options vested on January 1, 2005 and December 31, 2005 and an additional 25% of such options shall vest on each of December 31, 2006 and December 31, 2007. The options are subject to forfeiture in the event of a termination of Mr. Sutaria's emplyment with Interpharm. The term of the options is ten years from the date of grant.