PINE ELI 4
4 · LIFE MEDICAL SCIENCES INC · Filed May 25, 2004
Insider Transaction Report
Form 4
LIFE MEDICAL SCIENCES INCchai.ob
PINE ELI
VP, CSO
Transactions
- Award
Stock Option
2004-05-24+600,000→ 600,000 total→ Common Stock (600,000 underlying)
Footnotes (1)
- [F1]The stock option covered by this report vests and becomes exercisable in three annual installments each in the amount of 200,000 shares, commencing on May 24, 2004 and continuing on the first and second anniversaries thereof. The initial installment is exercisable at $.45 per share, the second installment is exercisable at $.55 per share and the final installment is exercisable at $.65 per share. Each installment expires 7 years from the date of vesting.