ALLEN A CLINTON 4
4 · PSYCHEMEDICS CORP · Filed Nov 13, 2020
Insider Transaction Report
Form 4
ALLEN A CLINTON
Director
Transactions
- Award
Common Stock, $.005 Par Value
2020-11-11+20,000→ 20,280 total - Award
Stock Option (Right to Buy)
2020-11-11+2,000→ 2,000 totalExercise: $4.07Exp: 2030-11-11→ Common Stock, $.005 Par Value (2,000 underlying)
Footnotes (3)
- [F1]Represents restricted stock units that are to be settled solely in shares of Common Stock. The units vest with respect to 50% of the shares on November 11, 2021 and with respect to the remaining 50% on November 11, 2022, so long as the recipient continues as a director of the Issuer through each such respective vesting date.
- [F2]The reporting person also holds 1,000 shares indirectly by Trust.
- [F3]The option becomes exercisable with respect to 50% of the shares on November 11, 2021 and with respect to the remaining 50% on November 11, 2022, so long as the recipient continues as a director of the Issuer through each such respective vesting date.