Marina Biotech, Inc. 4
4 · Marina Biotech, Inc. · Filed Sep 17, 2014
Insider Transaction Report
Form 4
FRENCH J MICHAEL
President and CEO
Transactions
- Award
Options to purchase common stock
2014-09-15+771,000→ 771,000 totalExercise: $1.07Exp: 2024-09-15→ common stock (771,000 underlying)
Footnotes (1)
- [F1]On September 15, 2014, in connection with the reporting person's Amended and Restated Employment Agreement, the issuer granted to the reporting person options to purchase up to 771,000 shares of common stock, of which 257,000 options shall vest on September 15, 2015, 257,000 options shall vest monthly in equal installments commencing after the first anniversary of the grant date and shall be vested in full on the second anniversary of the grant date, and 257,000 options shall vest monthly in equal installments commencing after the second anniversary of the grant date and shall be vested in full on the third anniversary of the grant date.