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Omeros Corporation (OMER) Message Board

  • scubamoe scubamoe Oct 10, 2012 12:47 PM Flag

    stock options

    Can someone sum up the two SEC filings that happened last night and this morning? can see them on my phone...

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    • Sorry, form 4.

      • 1 Reply to scubamoe
      • s'moe, I didn't check the second one but I've heard it's like the one for the CEO .....

        Dr. Demopulos was granted 275,000 options to buy OMER stock at $10.40/share on 10/7/12.

        "1. The option vests and becomes exercisable over 48 equal monthly installments, with the first vesting date April 1, 2012. Subsequent installments vest and become exercisable on each monthly anniversary thereafter."

        That works out to 5729 options vesting per month, on the first of each month, starting last April1st. So just over 40,100 of the options have vested so far. There's no indication he's exercised any of the options which is understandable since they just became "in the money" within the last few days.

        While these options are back-dated, the exercise price when they were granted, $10.40, is higher than the share price was on the first exercise date, ~$10.00/share.

        If/when they're fully exercised, Dr. Demopulos will provide $2,860,000 to OMER.

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