VBI Vaccines Inc/BC 4
4 · VBI Vaccines Inc/BC · Filed Mar 31, 2017
Insider Transaction Report
Form 4
Buckley T. Adam
VP, Business Development
Transactions
- Award
Option (Right to Buy Common Shares)
2017-03-30+20,000→ 20,000 totalExercise: $3.79Exp: 2027-01-26→ Common Shares (20,000 underlying)
Footnotes (2)
- [F1]The reporting person is a participant in the Issuer's Incentive Plan (the "Plan"). The board of directors of the Issuer approved the option grant on January 26, 2017 (the "Grant Date"). The options were granted pursuant to that certain option agreement entered into by and between the Issuer and the reporting person, dated March 30, 2017 (the "Option Agreement"). The options vest and become exercisable in 48 equal monthly installments beginning on the first day of the month following the Grant Date.
- [F2]The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement.