Hacksell Uli 4
4 · Marina Biotech, Inc. · Filed Jul 11, 2018
Insider Transaction Report
Form 4
Hacksell Uli
Director
Transactions
- Award
Options to purchase common stock
2018-07-10+1,000,000→ 1,000,000 totalExercise: $0.66Exp: 2028-07-10→ common stock (1,000,000 underlying)
Footnotes (1)
- [F1]Options to purchase 500,000 shares of common stock are exercisable immediately, options to purchase 125,000 shares of common stock are exercisable on each of July 1, 2019 and July 1, 2020, options to purchase 125,000 shares of common stock shall vest on such date, if any, as the Issuer pays to the reporting person a bonus in the amount of $25,000 if the Issuer achieves net product revenue in the amount of not less than $1.2 million for the portion of the 2018 fiscal year following July 1, 2018, and options to purchase 125,000 shares of common stock shall vest on such date, if any, as the Issuer pays to the reporting person a bonus in the amount of $25,000 if the daily VWAP of the common stock of the Issuer is not less than $2.00 per share for a sixty consecutive day period beginning on any calendar day during the 2018 fiscal year on or after July 1, 2018.