4//SEC Filing
MOONEY PATRICK T 4
Accession 0001415889-12-000626
CIK 0001031927other
Filed
Apr 30, 8:00 PM ET
Accepted
May 1, 4:15 PM ET
Size
5.9 KB
Accession
0001415889-12-000626
Insider Transaction Report
Form 4
MOONEY PATRICK T
DirectorCEO and President
Transactions
- Award
Common Stock
2012-04-27+150,000→ 2,500,907 total
Footnotes (1)
- [F1]In accordance with a Restricted Stock Agreement dated April 27, 2012, 25% of the Shares shall vest on each of April 27, 2013, April 27, 2014, April 27, 2015 and April 27, 2016. Notwithstanding the foregoing, (i) all unvested shares shall become fully vested at any earlier time set forth in the Reporting Person's Employment or Change in Control Agreement with the Company (if any) and (ii) all unvested shares shall immediately vest upon the sale of all or substantially all of the assets of the Company or all or substantially all of the outstanding capital stock of the Company in exchange for Liquid Proceeds. As used herein, "Liquid Proceeds" shall mean (a) cash; (b) securities which can be sold immediately on NYSE or NASDAQ; (c) securities which are or will be registered such that they can be sold on NYSE or NASDAQ upon termination of a lock-up period not to exceed 180 days; or (d) or a combination of cash and the foregoing securities.
Documents
Issuer
Echo Therapeutics, Inc.
CIK 0001031927
Entity typeother
Related Parties
1- filerCIK 0001278255
Filing Metadata
- Form type
- 4
- Filed
- Apr 30, 8:00 PM ET
- Accepted
- May 1, 4:15 PM ET
- Size
- 5.9 KB