4//SEC Filing
Sitar Edward J 4
Accession 0001551986-20-000222
CIK 0001551986other
Filed
Jul 7, 8:00 PM ET
Accepted
Jul 8, 4:29 PM ET
Size
8.3 KB
Accession
0001551986-20-000222
Insider Transaction Report
Form 4
Sitar Edward J
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2020-07-06+550,000→ 550,000 totalExercise: $0.62Exp: 2030-07-06→ Common stock (550,000 underlying) - Award
Stock Option (Right to Buy)
2020-07-06+225,000→ 775,000 totalExercise: $0.62Exp: 2030-07-06→ Common stock (225,000 underlying)
Footnotes (2)
- [F1]25% of these shares shall be deemed vested and exercisable on July 6, 2021 with the remainder vesting in equal monthly installments over the next 36 months, such that the option shall be fully vested on the fourth anniversary of the grant date, subject to the executive's continued service with the Company through each applicable vesting date.
- [F2]The option vest, if at all, upon satisfaction of certain performance criteria as determined by the Board in its discretion. Vesting will begin on the date the Board deems the performance criteria met (the "Performance Date"). Each performance tranche, consisting of 112,500 shares subject to the option, shall vest 25% on the one-year anniversary of the Performance Date with the remainder vesting monthly over 36 months following the Performance Date.
Documents
Issuer
9 METERS BIOPHARMA, INC.
CIK 0001551986
Entity typeother
Related Parties
1- filerCIK 0001603489
Filing Metadata
- Form type
- 4
- Filed
- Jul 7, 8:00 PM ET
- Accepted
- Jul 8, 4:29 PM ET
- Size
- 8.3 KB