FORREST K MICHAEL 4
4 · AVI BIOPHARMA INC · Filed May 21, 2009
Insider Transaction Report
Form 4
FORREST K MICHAEL
DirectorOutside Director
Transactions
- Award
Common Stock
2009-05-19+5,000→ 15,000 total - Award
Non-Qualified Stock Option (right to buy)
2009-05-19+20,000→ 20,000 totalExercise: $1.10From: 2009-06-19Exp: 2019-05-19→ Common Stock (20,000 underlying)
Holdings
- 81,632
Incentive Stock Option (right to buy)
Exercise: $2.45From: 2007-04-27Exp: 2017-03-27→ Common Stock (81,632 underlying) - 20,000
Non-Qualified Stock Option (right to buy)
Exercise: $1.55From: 2008-06-20Exp: 2018-05-20→ Common Stock (20,000 underlying) - 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $2.24From: 2005-06-15Exp: 2015-05-18→ Common Stock (10,000 underlying) - 218,368
Non-Qualified Stock Option (right to buy)
Exercise: $2.45From: 2007-04-27Exp: 2017-03-27→ Common Stock (218,368 underlying) - 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $4.64From: 2006-06-24Exp: 2016-05-24→ Common Stock (10,000 underlying) - 33,000
Non-Qualified Stock Option (right to buy)
Exercise: $2.64From: 2006-03-04Exp: 2015-03-04→ Common Stock (33,000 underlying)
Footnotes (4)
- [F1]Restricted Stock Award granted 5/19/2009 to active non-employee Director. Award vests one year from date of grant and will be released provided the Director still is an active member of the Board.
- [F2]Option Grant vests monthly until all shares are vested one year from date of grant.
- [F3]Price not required on initial report of stock option granted.
- [F4]Vesting: 25% of the shares vest each year from the date of grant with all shares vesting in four years.