Hull Joseph Stanley 4
4 · PALATIN TECHNOLOGIES INC · Filed Jul 16, 2024
Insider Transaction Report
Form 4
Hull Joseph Stanley
Director
Transactions
- Award
Stock Option (Right to Buy)
2023-07-15+17,000→ 57,780 totalExercise: $1.83From: 2025-06-04Exp: 2034-06-04→ Common Stock (17,000 underlying) - Award
Common Stock
2024-07-15+12,000→ 42,272 total
Footnotes (2)
- [F1]Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The restricted share units vest on June 4, 2025. The restricted share units were granted by the Compensation Committee on June 4, 2024, which grant was subject to certification by the Chief Financial Officer that the shareholders had increased the shares reserved under the 2011 Stock Incentive Plan, and that there were no impediments to the grant of the options. The required certification was made on July 15, 2024.
- [F2]The option vests on June 4, 2025, and in the event that the director does not serve until June 30, 2025, is prorated based on the period of service at the rate of 1/12 per month on the last day of each month, starting on July 31, 2024. The options were granted by the Compensation Committee on June 4, 2024, which grant was subject to certification by the Chief Financial Officer that the shareholders had increased the shares reserved under the 2011 Stock Incentive Plan, and that there were no impediments to the grant of the options. The required certification was made on July 15, 2024.