Teague Robert Eric 4
4 · Marina Biotech, Inc. · Filed Sep 26, 2018
Insider Transaction Report
Form 4
Teague Robert Eric
Chief Financial Officer
Transactions
- Award
Options to purchase common stock
2018-09-24+450,000→ 450,000 totalExercise: $0.55Exp: 2028-09-24→ common stock (450,000 underlying)
Footnotes (1)
- [F1]Options to purchase 100,000 shares of common stock are exercisable immediately, options to purchase 100,000 shares of common stock shall vest on each of September 24, 2019, September 24, 2020 and September 24, 2021, options to purchase 25,000 shares of common stock shall vest on such date (if any) that the Issuer determines that the "2018 Revenue Target" (as defined in the Employment Agreement dated September 24, 2018 between the Issuer and the reporting person (the "Employment Agreement")) is achieved, and options to purchase 25,000 shares of common stock shall vest on such date (if any) that the issuer determines that the "2018 Stock Price Target" (as defined in the Employment Agreement) has been achieved.