Steiner Solomon 4
4 · Biodel Inc · Filed Sep 21, 2011
Insider Transaction Report
Form 4
Biodel IncBIOD
Steiner Solomon
DirectorPresident & CEO10% Owner
Transactions
- Sale
Common Stock
2011-09-20$1.17/sh−82,723$96,786→ 1,728,899 total - Sale
Common Stock
2011-09-19$1.19/sh−190,700$226,933→ 1,811,622 total - Sale
Common Stock
2011-09-21$1.15/sh−43,094$49,558→ 1,685,805 total
Footnotes (4)
- [F1]This transaction was executed in multiple trades at prices ranging from $1.19 to $1.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to proivde 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 tranaction was reflected.
- [F2]This transaction was executed in multiple trades at prices ranging from $1.15 to $1.21 The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to proivde 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 tranaction was reflected.
- [F3]The sales reported in this transaction were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2011. This transaction was executed in multiple trades at prices ranging from $1.13 to $1.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to proivde 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 tranaction was reflected.
- [F4]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, LL. The Reporting Person disclaims beneificial ownership except to the extent of his pecuniary interest therein.