TORVEC INC 4
4 · TORVEC INC · Filed Feb 24, 2016
Insider Transaction Report
Form 4
TORVEC INCTOVC
Transactions
- Award
Employee Stock Option (right to buy)
2015-09-01$0.28/sh+25,000$7,000→ 25,000 totalExercise: $0.28Exp: 2025-09-01→ Common Stock (25,000 underlying) - Purchase
Series C-3 Voting Convertible Preferred Stock
2016-02-10$0.25/sh+200,000$50,000→ 200,000 totalExercise: $0.25→ Common Stock (200,000 underlying) - Award
Employee Stock Option (right to buy)
2016-01-14$0.53/sh+25,000$13,250→ 25,000 totalExercise: $0.53Exp: 2026-01-14→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]These shares vest in four equal annual installments over a four year period from the date of grant.
- [F2]These shares become fully vested the first day the trading price of the Company shall be $5.00 or greater.
- [F3]The Series C-3 Voting Convertible Preferred Stock is convertible into common stock at any time on a one-for-one basis at the initial conversion price of $.25 per share and has no expiration date.