SCOLR Pharma, Inc. 4
4 · SCOLR Pharma, Inc. · Filed Jun 1, 2005
Insider Transaction Report
Form 4
HOWARD DAVID T
Director
Transactions
- Exercise/Conversion
Common Stock
2005-05-27$0.63/sh+25,000$15,750→ 25,000 total - Exercise/Conversion
Stock Option Exercise (right to buy)
2005-05-27−25,000→ 255,000 totalExercise: $0.63Exp: 2010-05-23→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]An option to purchase 800,000 shares (the "Option") was issued on May 24, 2000 and was to vest over five (5) years, beginning with 10 percent (10%) of the Option vesting on November 24, 2000 and on May 24, 2001 and, thereafter, in four equal annual installments beginning on May 24, 2002. Upon resignation by the reporting person as an officer in August 2003, the Board of Directors determined that a total of 480,000 under the Option had vested; the remaining 320,000 shares under the Option have terminated. On April 28, 2004, 200,000 shares under the Option were exercised at a price of $0.63 per share.
- [F2]Not applicable.