4//SEC Filing
REDDICK ANDREW D 4
Accession 0001209191-09-054466
CIK 0000786947other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 3:58 PM ET
Size
12.7 KB
Accession
0001209191-09-054466
Insider Transaction Report
Form 4
REDDICK ANDREW D
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2009-11-24$1.30/sh+425,000$552,500→ 1,335,000 total - Exercise/Conversion
Stock Options
2009-11-24−425,000→ 450,000 totalExercise: $1.30Exp: 2014-08-12→ Common Stock (425,000 underlying) - Tax Payment
Common Stock
2009-11-24$4.26/sh−129,695$552,501→ 1,205,305 total - Tax Payment
Common Stock
2009-11-24$4.26/sh−119,658$509,743→ 1,085,647 total
Footnotes (5)
- [F1]910,000 shares represent Restricted Stock Units, of which all but 60,208 are vested. Absent a change of control, shares of common stock will be distributed under the Restricted Stock Units (after payment of $.01 par value per share) in four equal installments on January 1st of each of 2011, 2012, 2013 and 2014. If a change of control occurs (whether prior to or after 2011), one share of common stock will be distributed for each outstanding Restricted Stock Unit (after payment of $0.01 per share par value) at or about the time of the change of control. Amounts reported do not include shares underlying unexercised stock options held by Reporting Person.
- [F2]Shares withheld by the Issuer for payment by the Reporting Person to the Issuer of his option exercise price.
- [F3]Shares withheld by the Issuer for payment by the Reporting Person of his tax withholdings.
- [F4]Option exercised is originally derived from an option to purchase 875,000 shares granted 8/12/2004 (the "Original Option"), which vested as follows: (i) as to 300,000 underlying shares on the date of grant; and (ii) and with respect to the remainder, 25,000 underlying shares vested monthly thereafter commencing on August 31, 2004 until fully vested. On 2/8/2006 the Original Option was bifurcated into two options to comply with Section 409A of the Internal Revenue Code; one with respect to 425,000 shares that had vested on or prior to 12/31/2004 (the "Pre-409A Option") and one with respect to 450,000 shares (the "Post-409A Option"), which continued to vest on the same schedule as in the Original Option. The Pre-409A Option being exercised herewith, was fully exercisable upon vesting. The Post-409A Option, as amended on 2/8/2006 and 12/2007, is exercisable (absent a change of control) in four equal installments commencing on January 1 of each of 2011, 2012, 2013 and 2014.
- [F5]Omitted pursuant to General Instruction 4(c)(iii) to Form 4.
Documents
Issuer
ACURA PHARMACEUTICALS, INC
CIK 0000786947
Entity typeother
Related Parties
1- filerCIK 0001260882
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 3:58 PM ET
- Size
- 12.7 KB