Steiner Solomon 4
4 · Biodel Inc · Filed Mar 10, 2011
Insider Transaction Report
Form 4
Biodel IncBIOD
Steiner Solomon
DirectorPresident & CEO10% Owner
Transactions
- Sale
Common Stock
2011-03-08$2.23/sh−164,608$367,076→ 2,934,097 total(indirect: See Footnote (2)) - Sale
Common Stock
2011-03-10$2.17/sh−5,600$12,152→ 2,928,497 total(indirect: See Footnote (2))
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $2.13 to $2.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]The amount shown represents shares of the Issuer beneficially owned by Steiner Ventures, LLC which shares may be deemed attributable to the Reporting Person because the Reporting Person is the sole managing member of Steiner Ventures, LLC. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]This transaction was executed in multiple trades at prices ranging from $2.16 to $2.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.