BIOLASE, INC 4/A
4/A · BIOLASE, INC · Filed Nov 23, 2016
Insider Transaction Report
Form 4/AAmended
BIOLASE, INCBIOL
Flynn Harold C Jr.
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Unit
2016-11-08+0→ 652,500 total→ Common Stock (0 underlying) - Award
Stock Option (right to buy)
2016-11-08+1,000,000→ 2,307,903 totalExercise: $1.45Exp: 2026-11-08→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]One-half of the stock options vest on the second anniversary of the grant date, and the remaining one-half vests ratably on a monthly basis over a two-year period commencing one month following the second anniversary of the grant date, subject to the Reporting Person's continued service with the Company through the applicable vesting dates.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F3]On November 23, 2016, the Company and the Reporting Person entered into a letter agreement cancelling the November 8, 2016 restricted stock unit award representing the Reporting Person's right to acquire 1,000,000 shares of the Company's common stock because it was issued in excess of the limitations under the BIOLASE, Inc. 2002 Stock Incentive Plan, as amended.
- [F4]The restricted stock units vest based upon specific performance criteria, subject to the Reporting Person's continued service with the Company through the applicable vesting dates.