ALLARD STEPHANE 4
4 · EPICEPT CORP · Filed Jan 19, 2011
Insider Transaction Report
Form 4
EPICEPT CORPEPCT
ALLARD STEPHANE
Chief Medical Officer
Transactions
- Award
Stcok Option (right to buy)
2011-01-18+100,000→ 100,000 totalExercise: $0.87Exp: 2021-01-18→ Common Stock, par value $0.0001 per share (100,000 underlying)
Footnotes (3)
- [F1]One third of the option shall vest ratably in a series of forty-eight (48) successive equal monthly installments on the last day of each month (beginning with the month of the Grant Date) upon the achievement of each of the following business objectives within two years from date of grant: closing share price at or above $1.25/share for 60 or more consecutive trading days, closing share price at or above $1.75/share for 60 or more consecutive trading days and closing share price at or above $2.25/share for 60 or more consecutive trading days.
- [F2]No consideration was given since option was granted pursuant to a stock option agreement.
- [F3]Only represents derivative securities of this class.