HEAT BIOLOGICS, INC. 4
4 · HEAT BIOLOGICS, INC. · Filed Jan 4, 2017
Insider Transaction Report
Form 4
Rosar Ann A
VP of Finance
Transactions
- Award
Stock Options
2017-01-02+70,000→ 70,000 totalExercise: $0.88From: 2017-02-01Exp: 2027-01-01→ Common Stock (70,000 underlying) - Award
Common Stock
2017-01-02+70,000→ 70,000 total
Footnotes (2)
- [F1]The 70,000 shares of Heat Biologics, Inc. (the "Company") common stock, $0.0002 par value per share (the "Common Stock"), are represented by 70,000 restricted stock units ("RSUs") granted under the Company's Amended and Restated 2014 Stock Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Common Stock. The 70,000 RSUs will vest as follows: (i) 17,500 will vest on January 2, 2017; (ii) 17,500 will vest on January 2, 2018; (iii) 17,500 will vest on January 2, 2019; and (iv) 17,500 will vest on January 2, 2020, provided that the reporting person is not terminated for cause prior to such dates.
- [F2]These stock options vest monthly on a pro rata basis over a four-year period with vesting commencing on February 1, 2017.