Marina Biotech, Inc. 4
4 · Marina Biotech, Inc. · Filed Jan 6, 2014
Insider Transaction Report
Form 4
FRENCH J MICHAEL
President and CEO
Transactions
- Award
Common Stock
2014-01-01+1,131,000→ 1,132,338 total
Footnotes (1)
- [F1]On January 1, 2014, in order to satisfy certain unfulfilled payment obligations in the amount of approximately $415,000 that were due to the Reporting Person pursuant to his employment agreement with the Issuer, the Issuer agreed to issue to the Reporting Person (after applying a discount to the amount owed) 1,131,000 shares of the Issuer's common stock at a price per share that is based on the volume weighted average price of the common stock for the 10-trading day period ending on December 31, 2013 (i.e., $0.33).