Constantine J. Kardaras - Dec 14, 2021 Form 4 Insider Report for Celsion CORP (IMNN)

Signature
/s/ Timothy J Tumminello
Stock symbol
IMNN
Transactions as of
Dec 14, 2021
Transactions value $
$22,050
Form type
4
Date filed
12/16/2021, 03:42 PM
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMNN Celsion Corporation Common Stock Award $0 +10K $0.00 10K Dec 14, 2021 Direct F1

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 IMNN Option to Purchase Celsion Corporation Common Stock Award $22.1K +35K $0.63 35K Dec 14, 2021 Celsion Corporation Common Stock 35K $0.63 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock grant award which will vest on the first anniversary of hire date (December 6, 2022). Fair value of the stock award is $0.63 per share based on the closing price of Celsion Common Stock the award date.
F2 The options vest as follows: 1/3 on the one year anniversary of the date of grant; 1/3 on the second year anniversary of the date of grant; and 1/3 on the third year anniversary of the date of grant.
F3 Represents the per share fair value of the common stock based on the closing price of a share of Celsion Common Stock on the date of the award.