Jeryl L. Hilleman - Jun 11, 2021 Form 4 Insider Report for Minerva Neurosciences, Inc. (NERV)

Role
Director
Signature
/s/ Marc Recht, Attorney-in-Fact
Stock symbol
NERV
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 05:47 PM
Previous filing
Jun 14, 2021
Next filing
Jun 28, 2021

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 NERV Stock Option (right to buy) Award $0 +20K $0.00 20K Jun 11, 2021 Common Stock 20K $2.90 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is granted to non-employee directors in accordance with the Company's compensation program for non-employee directors, which provides that each non-employee director is eligible to receive an annual option grant to purchase 20,000 shares of common stock per year.
F2 The shares subject to this option vest in four equal quarterly installments at a rate of 1/4 of the total number of shares every three months, with the first 1/4 vesting on the date that is three months following June 11, 2021 and an additional 1/4 every three months thereafter, subject in each case to the continued service of the Reporting Person as a non-employee director as of such vesting date.