4//SEC Filing
STEIN ISAAC 4
Accession 0001347166-09-000024
CIK 0001068796other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 5:41 PM ET
Size
16.8 KB
Accession
0001347166-09-000024
Insider Transaction Report
Form 4
MAXYGEN INCMAXY
STEIN ISAAC
Director
Transactions
- Award
Performance Units
2009-09-22+290,813→ 290,813 total→ Common Stock - Award
Stock Option (right to buy)
2009-09-22+200,000→ 200,000 totalExercise: $6.53Exp: 2019-09-22→ Common Stock (200,000 underlying) - Gift
Common Stock
2009-07-24+1,173→ 292,706 total(indirect: By Trust) - Gift
Common Stock
2009-07-24−1,173→ 60,000 total - Award
Restricted Shares of Common Stock
2009-09-22+200,000→ 200,000 total
Holdings
- 63,198(indirect: By Technogen)
Common Stock
Footnotes (7)
- [F1]Represents a transfer of shares to a family trust of which the reporting person is a trustee.
- [F2]Includes 45,000 restricted stock units. Each restricted stock unit is payable solely by delivery of an equal number of shares of common stock of the Company and vests as to the remaining underlying shares on May 3, 2010.
- [F3]Stein 1995 Revocable Trust
- [F4]Subject to continuous service with the Company, the award will vest as to 10% of the shares subject to the award on the first anniversary of the grant date, quarterly thereafter until the second anniversary of the grant date as to 20% of the shares subject to the award, quarterly thereafter until the third anniversary of the grant date as to 45% of the shares subject to the award, and quarterly thereafter until the fourth anniversary of the grant date as to the remaining 25% of the shares subject to the award; provided, however, that all shares subject to an award will immediately vest upon occurrence of a change in control or dissolution of the Company.
- [F5]The amount of securities reported consists of shares of common stock of the Company held by Technogen Enterprises, L.L.C. Mr. Stein is a Managing Member of Technogen Enterprises, L.L.C. and has shared power to vote or direct the vote of and shared power to dispose or direct the disposition of the shares held by the limited liability company. Mr. Stein disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the limited liability company.
- [F6]To be valued at the per share price of common stock of the Company as of the earliest of (i) a change in control of the Company, (ii) a corporate dissolution or liquidation of the Company, or (iii) the fourth anniversary of the grant date, plus all dividend payments and other distributions to stockholders made after the grant date on a per share basis. The earned value of any contingent performance unit will be settled in shares of common stock of the Company. The value of any earned dividends and distributions to stockholders that are attributable to performance units will generally be settled in the form received by stockholders, although the Company's board of directors retains the ability to settle in shares of common stock of the Company and/or cash.
- [F7]The actual number of contingent performance units that will vest will be determined as of the earliest to occur of (i) a change in control of the Company, (ii) a corporate dissolution or liquidation of the Company, or (iii) the fourth anniversary of the grant date (the "settlement date"), and will be equal to the sum of (x) the fair market value of the common stock underlying all unexercised stock options of the reporting person as of the settlement date plus (y) all dividend payments or other distributions made to stockholders after the grant date on a per share basis multiplied by the number of shares of common stock subject to all unexercised options of the reporting person as of the grant date, minus (z) the number of shares of common stock subject to all unexercised options of the reporting person as of the grant date multiplied by the fair market value of a share of common stock on the grant date, all divided by the fair market value of a share of common stock on the settlement date. All unvested contingent performance units remaining following the Settlement Date will expire immediately.
Documents
Issuer
MAXYGEN INC
CIK 0001068796
Entity typeother
Related Parties
1- filerCIK 0001180772
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 5:41 PM ET
- Size
- 16.8 KB