3//SEC Filing
INTERPHARM HOLDINGS INC 3
Accession 0001319880-06-000001
CIK 0000893970operating
Filed
Jul 17, 8:00 PM ET
Accepted
Jul 18, 12:52 PM ET
Size
9.2 KB
Accession
0001319880-06-000001
Insider Transaction Report
Form 3
Berlent Jonathan
VP-Business Development
Holdings
Option to Purchase Common Stock
Exercise: $1.23Exp: 2014-08-26→ Common Stock (75,000 underlying)- 50,000
Common Stock
Footnotes (4)
- [F1]The options were granted to Jonathan Berlent ("Berlent") on August 26, 2004 at an exercise price of $2.50 for a term of ten years from the date of grant and provided that 20% of the options would vest on December 31, 2004 and an additional 20% on each December 31 thereafter until the options were fully vested. On June 28, 2005 the Board of Directors of Interpharm Holdings, Inc. ("Interpharm") agreed to reset the option exercise price to $1.23 per share and also agreed that all of such options would become immediately exercisable.
- [F2]The options were granted to Berlent on January 24, 2005 at an exercise price of $2.24 per share. On June 28, 2005 the Board of Directors of Interpharm agreed to reset the exercise price of the options to $1.23 per share.
- [F3]On June 28, 2005 the Board of Directors of Interpharm granted to Berlent options to purchase for $1.23 per share up to a maximum of 75,000 shares of Interpharm common stock. The options are evidenced by a Stock Option Agreement between Interpharm and Berlent dated June 30, 2005 which provides that the number of options would be finally determined based on the achievement of certain corporate and individual performance goals through June 30, 2006. The number of options has not been determined as of the date of filing of this Form 3. Once the total number of options is determined, 25% of such total shall vest as of June 30, 2006 and an additional 25% of such options shall vest on each of June 30, 2007, June 30, 2008 and June 30, 2009.
- [F4]The term of each option is the greater of five years from the date of grant (June 30, 2010) or two years after the option vests (25% of the options vest on June 30, 2009; therefore, as to such 25%, the term of such options will expire on June 30, 2011).
Documents
Issuer
INTERPHARM HOLDINGS INC
CIK 0000893970
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000893970
Filing Metadata
- Form type
- 3
- Filed
- Jul 17, 8:00 PM ET
- Accepted
- Jul 18, 12:52 PM ET
- Size
- 9.2 KB