Gray Robert 4
4 · Hancock Jaffe Laboratories, Inc. · Filed Sep 26, 2019
Insider Transaction Report
Form 4
Gray Robert
Director
Transactions
- Award
Restricted Stock Units
2019-09-13+78,125→ 78,125 total→ Common Stock (78,125 underlying) - Award
Stock Option (Right to Buy)
2019-09-13+60,000→ 60,000 totalExercise: $2.00Exp: 2029-09-13→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]Upon vesting, each Restricted Stock Unit ("RSU") entitles the Reporting Person to one share of the Issuer's common stock or the cash equivalent, at the discretion of the Issuer.
- [F2]The RSU were issued to the Reporting Person on September 13, 2019 in connection with joining the Issuer's board of directors pursuant to the Issuer's Amended and Restated 2016 Omnibus Incentive Plan (as amended, the "Plan"). The award is subject to time-based vesting and will vest in equal annual portions on: (i) September 13, 2020; (ii) September 13, 2021; and (iii) September 13, 2022.
- [F3]The common stock options were issued to the Reporting Person on September 13, 2019 in connection with joining the Issuer's board of directors pursuant to the Plan. The award is subject to time-based vesting and will vest in equal quarterly portions over a three (3) year period starting from September 13, 2019.