TORVEC INC 4
4 · TORVEC INC · Filed Oct 17, 2013
Insider Transaction Report
Form 4
TORVEC INCTOVC
SICONOLFI GARY A
Director
Transactions
- Other
Stock Option
2013-10-15$5.00/sh−100,000$500,000→ 25,000 totalExercise: $5.00From: 2003-10-15Exp: 2013-10-15→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]On 10/15/2013, a 10 year option that was granted to Mr. Siconolfi on 10/15/2003 to purchase 100,000 shares of Torvec, Inc. common stock at an exercise price of $5.00 per share expired.
- [F2]Following the expiration of this stock option as of 10/15/2013, Mr. Siconolfi no longer holds any stock options associated with Torvec, Inc. He continues to hold a warrant to purchase 25,000 shares of common stock at an exercise price equal to the greater of (i) $0.01 or (ii) 80% of the volume weighted average sale price per share of the Company's common stock during the ten consecutive trading days immediately preceding the notice of exercise.