Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ADMP | Stock Appreciation Right | Award | $0 | +50K | $0.00 | 50K | Oct 1, 2021 | Common Stock | 50K | $1.01 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each Stock Appreciation Right is the economic equivalent of one share of ADMP common stock and can only be settled in cash. |
F2 | The Stock Appreciation Right ("SAR") will vest with respect to 1/6 of the shares subject to the SAR on the six-month anniversary of the date of grant, and thereafter with respect to 1/36 of the shares on each monthly anniversary of the date of grant with all remaining unvested shares subject to the SAR vesting on the thirty-sixth (36th) monthly anniversary of the date of grant. |