SCHLACHET DAVID 4
4 · PHARMOS CORP · Filed Feb 22, 2005
Insider Transaction Report
Form 4
PHARMOS CORPPARS
SCHLACHET DAVID
Director
Transactions
- Award
Stock Options
2005-02-16+25,000→ 25,000 totalExercise: $0.77Exp: 2015-02-16→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]The number of options may be reduced to 23,750 if Mr. Schlachet elects to have the options issued to, and held for his benefit by, an Israeli trustee.
- [F2]25% of the options become exercisable on 2/16/06; the remaining 75% become exercisable in twelve equal increments on a quarterly basis beginning on 5/16/06.
- [F3]The number of shares underlying the options may be reduced to 23,750 if Mr. Schlachet elects to have the options issued to, and held for his benefit by, an Israeli trustee.