Sven Guenther - Aug 20, 2021 Form 4 Insider Report for KEMPHARM, INC (ZVRA)

Signature
/s/ Timothy J. Sangiovanni, Attorney-in-Fact for Sven Guenther
Stock symbol
ZVRA
Transactions as of
Aug 20, 2021
Transactions value $
$0
Form type
4
Date filed
8/24/2021, 04:26 PM
Next filing
Feb 3, 2022

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 ZVRA Stock Option (right to buy) Award $0 +81.7K $0.00 81.7K Aug 20, 2021 Common Stock 81.7K $9.06 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant to the Reporting Person of a stock option under the Issuer's Amended and Restated 2014 Equity Incentive Plan (the "Plan"). 25% of the shares will vest on August 20, 2022 and the remaining 75% of the shares will vest in equal annual installments thereafter, provided that at the relevant vesting dates such optionee's employment relationship has not been terminated as defined in the Plan. All shares underlying the option will vest in full and become immediately exercisable upon a change of control of the Issuer or if the Reporting Person is terminated without cause or resigns for good reason. The option expires ten years after the date of grant.