STAFFORD PAULA B 4
4 · Novan, Inc. · Filed Jan 30, 2019
Insider Transaction Report
Form 4
Novan, Inc.NOVN
STAFFORD PAULA B
Director
Transactions
- Award
Stock Option (Right to Buy)
2019-01-28+55,000→ 55,000 totalExercise: $1.35Exp: 2029-01-01→ Common Stock (55,000 underlying)
Footnotes (1)
- [F1]One half (1/2) of the shares subject to this option shall vest upon the six month anniversary date of the January 2, 2019 vesting commencement date (the "Vesting Commencement Date"), and one twelfth (1/12) of the shares subject to this option shall vest on each successive monthly anniversary of the Vesting Commencement Date such that on the first anniversary of the Vesting Commencement Date the shares subject to this option will be fully vested.