BAUER JOHN H 4
4 · CELL THERAPEUTICS INC · Filed Dec 17, 2009
Insider Transaction Report
Form 4
BAUER JOHN H
Director
Transactions
- Award
Performance Rights
2009-12-15+440,251→ 440,251 totalExercise: $0.00Exp: 2011-12-31→ Common Stock (440,251 underlying)
Footnotes (1)
- [F1]On December 15, 2009, CTIC granted the reporting person a bonus opportunity that will be payable in CTIC common stock if certain performance goals are achieved on or before December 31, 2011. Should such a goal be timely achieved, the number of shares of CTIC common stock payable will be determined by multiplying the payout percentage that has been assigned by CTIC to that goal for purposes of the reporting person's award multiplied by the number of shares of CTIC common stock issued and outstanding at the time that particular goal is achieved. One such performance goal is attainment of a closing price for a share of CTIC common stock of $2.94 or more. The bonus units reported above reflect the 0.075% payout percentage that has been assigned by CTIC to this stock price goal for purposes of the reporting person's award multiplied by the number of shares of CTIC common stock issued and outstanding on December 15, 2009.