BERGER STEVEN C 4
4 · Alliqua, Inc. · Filed Jan 4, 2011
Insider Transaction Report
Form 4
Alliqua, Inc.HPLF.OB
BERGER STEVEN C
CFO, Treasurer and Secretary
Transactions
- Award
Stock Option (right to buy)
2010-12-31+1,000,000→ 1,000,000 totalExercise: $0.14Exp: 2015-12-09→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]Represents stock options granted to Steven C. Berger pursuant to the Alliqua, Inc. (the "Company") 2001 Incentive Stock Plan on December 9, 2010 and accepted by Mr. Berger on December 31, 2010. These shares vest as follows: (i) 500,000 of the options granted vested immediately, (ii) 250,000 of the options vested on January 3, 2011 upon the creation of a Board of Directors of the Company that fully complied with the Corporate Governance Requirements set forth in Sections 801-809 of the NYSE Amex Rules, and (iii) 250,000 of the options shall vest only upon the filing of the Company's Annual Report on Form 10-K with the Securities and Exchange Commission for the fiscal year ending December 31, 2010 without any material weaknesses in the Company's financial reporting under the Sarbanes-Oxley Act of 2002.