Gillespie Deirdre 4
4 · APRICUS BIOSCIENCES, INC. · Filed May 18, 2011
Insider Transaction Report
Form 4
Gillespie Deirdre
Director
Transactions
- Award
Common Stock
2011-05-16$3.55/sh+2,505$8,890→ 7,081 total
Footnotes (2)
- [F1]The shares of common stock were issued to the Reporting Person, a non-employee director of the Issuer, as payment of the quarterly retainer fee for her service as director of the Issuer.
- [F2]The value of the shares being delivered in satisfaction of the payment was calculated based on the five-day average closing price of the Issuer's common stock over the first five trading days of the 2011 calendar year.