Doi Tracey 4
4 · EMMAUS LIFE SCIENCES, INC. · Filed May 17, 2013
Insider Transaction Report
Form 4
Doi Tracey
Director
Transactions
- Award
Options (right to buy)
2013-02-28+250,000→ 250,000 totalExercise: $3.60Exp: 2018-02-27→ Common Stock (250,000 underlying) - Award
Common Stock
2013-02-28+10,000→ 10,000 total
Footnotes (2)
- [F1]The Director Stock Award shall vest and be settled in four (4) substantially equal quarterly installments. If an eligible director has a Termination of Service prior to full issuance of a Director Stock Award (DSA) due to death or disability (as determined by the Board), such DSA shall be deemed fully vested and the director (or the director's estate) shall be entitled to receive all remaining installments of the DSA, which shall be issued within thirty (30) days following the director's Termination of Service (ToS). If an eligible director has a ToS prior to full issuance of a DSA for any reason other than death or disability, any remaining installments shall be forfeited immediately upon the director's ToS.
- [F2]The options vest annually in equal amounts (or as close to an equal amount as possible) over a period of three years with the first one/third to vest one year from the Grant Date.