Zak Michael J 4
4 · VERENIUM CORP · Filed Nov 16, 2009
Insider Transaction Report
Form 4
VERENIUM CORPVRNM
Zak Michael J
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2009-11-12−2,083→ 0 totalExercise: $46.68Exp: 2017-12-07→ Common Stock (2,083 underlying) - Award
Stock Option (Right to Buy)
2009-11-12+2,083→ 2,083 totalExercise: $3.85Exp: 2019-11-12→ Common Stock (2,083 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2009-11-12−2,083→ 0 totalExercise: $13.80Exp: 2019-02-13→ Common Stock (2,083 underlying) - Award
Stock Option (Right to Buy)
2009-11-12+2,083→ 2,083 totalExercise: $3.85Exp: 2019-11-12→ Common Stock (2,083 underlying)
Footnotes (5)
- [F1]Exchanged for new options to purchase shares of common stock at an exercise price of $3.85 per share pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009.
- [F2]The option vested monthly for a period of three years.
- [F3]Granted in exchange for options surrendered (reported above) pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009.
- [F4]The options shall vest according to the following schedule: 636 options vested on 11/12/09 and 406 options shall vest ratably over the next 13 months beginning on 12/7/2009; and the remaining 1,041 options shall vest ratably over the next 20 quarters beginning with the quarter ending 12/31/2009.
- [F5]The options shall vest according to the following schedule: 203 options vested on 11/12/09 and 839 options shall vest ratably over the next 27 months beginning on 12/13/2009; and the remaining 1,041 options shall vest ratably over the next 25 quarters beginning with the quarter ending 12/31/2009.