Fortress Biotech, Inc. 4
4 · Fortress Biotech, Inc. · Filed Jul 19, 2016
Insider Transaction Report
Form 4
Klein Dov
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.001
2016-07-15−13,333→ 141,667 total - Award
Deferred Restricted Stock Units
2016-07-15+13,333→ 13,333 total→ Common Stock (13,333 underlying)
Holdings
- 1,800(indirect: By Spouse)
Common Stock, par value $0.001
Footnotes (2)
- [F1]The Reporting Person was granted 50,000 shares of restricted common stock of the Issuer in July 2015 for his service on the Issuer's Board of Directors. The shares vest one-third annually beginning on July 15, 2016. The Reporting Person deferred the receipt of 80% of the vested shares and, on July 15, 2016, received instead 13,333 shares of deferred restricted stock units pursuant to the Issuer's Deferred Compensation Plan for Directors (the "Plan"). As a result, the Reporting Person is reporting the disposition of 13,333 shares of Issuer common stock in exchange for an equal number of deferred restricted stock units.
- [F2]Each deferred restricted stock unit will be settled in one share of the Issuer's common stock at the time and in the matter set forth in the Plan.