Crea Roberto 4
4 · APRICUS BIOSCIENCES, INC. · Filed May 19, 2011
Insider Transaction Report
Form 4
Crea Roberto
Director
Transactions
- Award
Common Stock
2011-05-16$3.55/sh+2,505$8,890→ 36,318 total - Other
Common Stock
2010-12-14+6,262→ 33,813 total
Footnotes (3)
- [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.
- [F3]Shares granted pursuant to the Agreement and Plan of Merger dated November 20, 2009 ("Merger Agreement"), and held in escrow until their release on December 14, 2010 in accordance with the terms of the Merger Agreement.