Sharman John Stewart 4
4 · UNIVERSAL BIOSENSORS INC · Filed May 28, 2024
Insider Transaction Report
Form 4
Sharman John Stewart
Chief Executive Officer
Transactions
- Award
Common Stock
2024-05-27$0.11/sh+275,000$30,250→ 1,561,217 total(indirect: By Spouse)
Holdings
- 1,000,000(indirect: By superannuation fund)
Stock Option (Right to Buy)
Exercise: $0.30Exp: 2025-03-24→ Common Stock (1,000,000 underlying) - 1,250,000
Performance Rights
Exp: 2025-03-24→ Common Stock (1,250,000 underlying) - 103,055
Common Stock
- 2,500,000
Performance Rights
Exp: 2025-03-24→ Common Stock (2,500,000 underlying) - 1,364,667
Stock Option (Right to Buy)
Exercise: $0.30Exp: 2025-03-24→ Common Stock (1,364,667 underlying) - 394,666(indirect: By superannuation fund)
Common Stock
- 2,364,667
Stock Option (Right to Buy)
Exercise: $0.25Exp: 2025-03-24→ Common Stock (2,364,667 underlying)
Footnotes (6)
- [F1]The reporting person disclaims beneficial ownership of the shares held by his wife except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of his wife's shares for purposes of Section 16 or for any other purpose.
- [F2]The price reported is stated in Australian dollars.
- [F3]The reporting person disclaims beneficial ownership of the securities held by his superannuation except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of his superannuation funds shares for purposes of Section 16 or for any other purpose.
- [F4]Each performance right represents a contingent right to receive one share of common stock of Universal Biosensors, Inc. ("UBI"). The performance rights vest upon, among other triggers, UBI's market capitalization having achieved a specified threshold.
- [F5]Each performance right represents a contingent right to receive one share of common stock of UBI. The performance rights vest upon a change of control transaction with a value greater a specified threshold.
- [F6]These options are fully vested and became exercisable after September 24, 2020.