Emerson Erik 4
4 · Marina Biotech, Inc. · Filed Jul 12, 2018
Insider Transaction Report
Form 4
Emerson Erik C.
Chief Commercial Officer
Transactions
- Award
Options to purchase common stock
2018-07-10+1,125,000→ 1,125,000 totalExercise: $0.66Exp: 2028-07-10→ common stock (1,125,000 underlying)
Footnotes (1)
- [F1]Options to purchase 187,500 shares of common stock are exercisable immediately, options to purchase 187,500 shares of common stock are exercisable on each of July 10, 2019, July 10, 2020 and July 10, 2021, options to purchase 187,500 shares of common stock shall vest on such date, if any, as the Issuer determines that it has achieved net product revenue in the amount of not less than $1.2 million for the portion of the 2018 fiscal year following June 18, 2018, and options to purchase 187,500 shares of common stock shall vest on such date, if any, as the Issuer determines that the daily VWAP of the common stock of the Issuer was 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 June 18, 2018.