TearLab Corp 4
4 · TearLab Corp · Filed Oct 22, 2013
Insider Transaction Report
Form 4
TearLab CorpTEAR
Jensen Joseph
President and COO
Transactions
- Award
Stock Option (right to buy)
2013-10-21+300,000→ 300,000 totalExercise: $11.33Exp: 2023-10-20→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]One third (1/3rd) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of October 21, 2013 (the "Vesting Commencement Date") and, thereafter, one third (1/3rd) of the shares subject to the option shall vest and become exercisable on the second (2nd) anniversary of the Vesting Commencement Date, and one third (1/3rd) of the shares subject to the option shall vest and become exercisable on the third (3rd) anniversary of the Vesting Commencement Date, subject to the Reporting Person continuing to be a service provider on each such date. Notwithstanding the foregoing, in the event of a Change of Control (as defined in the Reporting Person's offer letter) prior to the Reporting Person's termination as a service provider, the shares subject to the option will fully vest and become exercisable.