SANDERS RICHARD M. 4
4 · 22nd Century Group, Inc. · Filed Mar 19, 2021
Insider Transaction Report
Form 4
SANDERS RICHARD M.
Director
Transactions
- Award
Common Stock
2021-03-19+77,564→ 392,536 total - Sale
Common Stock
2021-03-17$2.72/sh−47,227$128,457→ 314,972 total
Holdings
- 51,724
Non-Qualified Stock Option
Exercise: $2.76From: 2019-03-06Exp: 2023-03-06→ Common Stock (51,724 underlying) - 100,000
Non-Qualified Stock Option
Exercise: $1.39From: 2018-04-01Exp: 2022-05-24→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Shares sold to pay taxes due upon vesting of restricted stock units.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.69 to $2.76, inclusive. The Reporting Person undertakes to provide 22nd Century Group, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F3]Restricted stock units vest 100% on March 19, 2022, subject to continued service by the Reporting Person with the Company.