RenovaCare, Inc. 4
4 · RenovaCare, Inc. · Filed Aug 18, 2014
Insider Transaction Report
Form 4
RenovaCare, Inc.RCAR
SIERCHIO JOSEPH
Director
Transactions
- Award
Stock Option
2014-08-14$0.80/sh+20,000$16,000→ 40,000 totalExercise: $0.80From: 2014-08-14Exp: 2024-08-13→ Common Stock, par value $0.00001 (20,000 underlying)
Footnotes (3)
- [F1]On August 14, 2014, RenovaCare, Inc. (the "Company") issued Mr. Sierchio a stock option to purchase up to 20,000 shares of the Company's common stock at an exercise price of $0.80 per share.
- [F2]The closing price of the Company's common stock as quoted on the OTC Markets Group Inc. QB tier on August 14, 2014. The options may be exercised on a "cashless basis" using the formula contained in the nonstatutory stock option agreement entered into between Mr. Sierchio and the Company.
- [F3]Subject to his continued service as a member of the Company's Board of Directors, 10,000 of the option shares vest immediately and 10,000 of the option shares vest on the first anniversary of the date of grant.