VBI Vaccines Inc/BC 4
4 · VBI Vaccines Inc/BC · Filed Mar 31, 2017
Insider Transaction Report
Form 4
Diaz-Mitoma Francisco
Chief Medical Officer
Transactions
- Award
Common Shares, no par value per share
2017-03-29+12,500→ 251,839 total - Award
Option (Right to Buy Common Shares)
2017-03-29+20,000→ 20,000 totalExercise: $3.45Exp: 2027-01-26→ Common Shares (20,000 underlying)
Holdings
- 19,404(indirect: See Footnote)
Common Shares, no par value per share
Footnotes (4)
- [F1]The common shares are held of record by 1120962 Ontario Inc. As the President of such corporation that owns 100% of its voting securities, the reporting person has the power to vote and dispose of the common shares held by the corporation.
- [F2]Exercise price is in Canadian dollars, United States dollars equivalent is shown using the closing foreign exchange rate on the Grant Date (as defined below).
- [F3]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 29, 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.
- [F4]The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement.