Form 3 - Not sure everyone seen this one, this is
Post# of 15624
(Total Views: 281)
Posted On: 06/22/2017 3:19:32 PM
Form 3 - Not sure everyone seen this one, this is official regarding the CFO
http://archive.fast-edgar.com/20170621/A6KNV2...BBZZ224292
Explanation of Responses:
1. On December 15, 2016, the Company granted Mr. De-Saban 750,000 options under its 2016 ESOP. The options are exercisable at $0.05 and are subject to the provisions of the applicable Israeli laws. They are held by a trustee and may not be exercisable and sold until 2 years of the date of grant. Nevertheless, these options vest 1/3 on the date of grant and 8.33% vest on a quarterly basis. As a result of Mr. De-Seban's resignation on June 12, 2017, only 309,375 have vested and the remainder have beed returned to the ESOP and are subject to future grants.
http://archive.fast-edgar.com/20170621/A6KNV2...BBZZ224292
Explanation of Responses:
1. On December 15, 2016, the Company granted Mr. De-Saban 750,000 options under its 2016 ESOP. The options are exercisable at $0.05 and are subject to the provisions of the applicable Israeli laws. They are held by a trustee and may not be exercisable and sold until 2 years of the date of grant. Nevertheless, these options vest 1/3 on the date of grant and 8.33% vest on a quarterly basis. As a result of Mr. De-Seban's resignation on June 12, 2017, only 309,375 have vested and the remainder have beed returned to the ESOP and are subject to future grants.
(1)
(0)OWC Pharmaceutical Research Corp. (OWCP) Stock Research Links
Scroll down for more posts ▼