Duhay Francis 4
4 · Hancock Jaffe Laboratories, Inc. · Filed Dec 4, 2018
Insider Transaction Report
Form 4
Duhay Francis
Director
Transactions
- Award
Stock Options
2018-11-27+60,000→ 60,000 totalExercise: $2.57Exp: 2021-10-02→ Common Stock (60,000 underlying) - Award
Restricted Stock units
2018-11-27$2.57/sh+29,183$75,000→ 29,183 total
Footnotes (3)
- [F1]The Restricted Stock Units ("RSUs") were issued to the Reporting Person on November 27, 2018, in connection with joining the Issuer's board of directors, pursuant to the Issuer's Amended and Restated 2016 Omnibus Incentive Plan (the "Plan"),, as amended (the "Plan"). The award is subject to time-based vesting and will vest in equal annual portions on: (i) October 2, 2019; (ii) October 2, 2020; and (iii) October 2, 2021.
- [F2]Upon vesting, each RSU entitles the Reporting Person to one share of the Issuer's common stock.
- [F3]The common stock options were issued to the Reporting Person on November 27, 2018, in connection with joining the Issuer's board of directors, pursuant to a grant under the Plan, as amended. The award is subject to time-based vesting and will vest in equal quarterly portions over a three (3) year period starting from October 2, 2018.