Philip Ashman - 11 Mar 2024 Form 4 Insider Report for ALIMERA SCIENCES INC

Signature
/s/ Philip Ashman
Issuer symbol
N/A
Transactions as of
11 Mar 2024
Net transactions value
$0
Form type
4
Filing time
13 Mar 2024, 21:20:38 UTC
Previous filing
11 Jan 2024
Next filing
02 Apr 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALIM Restricted Stock Units Award $0 +6,800 $0.000000 6,800 11 Mar 2024 Common Stock 6,800 Direct F1, F3
transaction ALIM Performance-Based Restricted Stock Units Award $0 +75,000 $0.000000 75,000 11 Mar 2024 Common Stock 75,000 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one (1) share of the common stock of the Issuer.
F2 Each Performance-Based Restricted Stock Unit (PSU) represents a contingent right to receive one (1) share of the common stock of the Issuer, subject to the achievement of applicable performance criteria.
F3 The RSUs were awarded to the Reporting Person under the Alimera Sciences, Inc. 2023 Equity Incentive Plan. 25% of the RSUs are scheduled to vest on the first anniversary of the Reporting Person's vesting start date of May 20, 2024 and the remaining portion of the RSUs will vest in equal monthly installments over the following 36 months, subject to the Reporting Person's continuous employment with the Issuer on each such vesting date.
F4 The PSUs were awarded to the Reporting Person under the Alimera Sciences, Inc. 2023 Equity Incentive Plan. Each PSU represents the right to receive, following vesting, one (1) share of common stock of the Issuer. 1/3 of the PSUs will vest for each performance year during the 3-year performance period beginning January 2, 2024 and ending on December 31, 2026 if either one of the pre-established annual revenue target and stock price target is satisfied during such performance year, as set forth in the Reporting Person's award agreement. The number of PSUs reported reflects the maximum number of PSUs that the Reporting Person may earn at the end of the 3-year performance period.