4//SEC Filing
Baxter Jeff 4
Accession 0001493152-20-012553
CIK 0000764195other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:15 PM ET
Size
6.4 KB
Accession
0001493152-20-012553
Insider Transaction Report
Form 4
Baxter Jeff
DirectorCEO, President
Transactions
- Award
Option (Right to Buy Common Shares)
2020-07-01+425,200→ 425,200 totalExercise: $2.94Exp: 2030-07-01→ Common Shares (425,200 underlying)
Footnotes (2)
- [F1]The reporting person is a participant in the Issuer's Incentive Plan (the "Plan"). The board of directors of the Issuer approved the option grant on July 1, 2020 (the "Grant Date"). The options were granted pursuant to that certain option agreement entered into by and between the Issuer and the reporting person, dated July 1, 2020 (the "Option Agreement"). 25% of the options vest and become exercisable on the one-year anniversary of the Grant Date, with the remaining 75% of the options vesting and becoming exercisable in 24 equal monthly installments beginning on the first day of the month following the one-year anniversary of the Grant Date, subject to the reporting person's employment on the relevant vesting date.
- [F2]The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement.
Documents
Issuer
VBI Vaccines Inc/BC
CIK 0000764195
Entity typeother
Related Parties
1- filerCIK 0001615941
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:15 PM ET
- Size
- 6.4 KB