TORVEC INC 4
4 · TORVEC INC · Filed Nov 18, 2013
Insider Transaction Report
Form 4
TORVEC INCTOVC
SICONOLFI GARY A
Director
Transactions
- Award
Non-Qualified Stock Option
2013-11-15$0.36/sh+100,000$36,000→ 125,000 totalExercise: $0.36From: 2014-11-15Exp: 2023-11-14→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]In addition to the option granted on November 15, 2013 to purchase 100,000 shares of Torvec, Inc. common stock, Mr. Siconolfi holds 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.
- [F2]Vesting schedule is 25% of total grant on each successive anniversary from date of grant.