STEINER ERIK 4
4 · Biodel Inc · Filed Dec 16, 2010
Insider Transaction Report
Form 4
Biodel IncBIOD
STEINER ERIK
Vice-President, Operations
Transactions
- Award
Stock Option (Right to buy)
2010-12-14+25,000→ 25,000 totalExercise: $1.63Exp: 2017-12-14→ Common Stock (25,000 underlying) - Award
Restricted Stock Units
2010-12-14+15,000→ 15,000 total→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]This option vests over three years. One half will vest on December 14, 2011 and the remainder will vest in two equal installments on December 14 in years 2012 and 2013.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Biodel Inc. common stock.
- [F3]The restricted stock units vest over three years. One half will vest on December 14, 2011 and the remainder will vest in two equal installments on December 14 in years 2012 and 2013. Shares vesting on December 14, 2011 and 2012 will be delivered to the reporting person on a date to be determined by the issuer between January 1 and March 15, 2013. Shares vesting on December 14, 2013 will be delivered to the reporting person between January 1 and March 15, 2014.