Linda Bain - Jul 1, 2021 Form 4 Insider Report for VBI Vaccines Inc/BC (VBIV)

Role
Director
Signature
/s/ Linda Bain
Stock symbol
VBIV
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/7/2021, 04:55 PM
Previous filing
Jun 10, 2021
Next filing
Jan 21, 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 VBIV Option (Right to Buy Common Shares) Award $0 +250K $0.00 250K Jul 1, 2021 Common Shares 250K $3.43 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a participant in the Issuer's Incentive Plan (the "Plan"). The board of directors of the Issuer granted these options on July 1, 2021 (the "Grant Date"). The options were granted pursuant to that certain option agreement entered into by and between the Issuer and the reporting person, dated July 1, 2021 (the "Option Agreement"). The options vest and become exercisable in 36 equal monthly installments beginning on the first day of the month following the Grant Date, subject to the reporting person's employment on the relevant vesting date.
F2 The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement.