Jill M. Jene - Apr 11, 2022 Form 4 Insider Report for Lipocine Inc. (LPCN)

Role
Director
Signature
/s/ Jill M. Jene
Stock symbol
LPCN
Transactions as of
Apr 11, 2022
Transactions value $
$11,600
Form type
4
Date filed
4/12/2022, 04:57 PM
Next filing
Jun 10, 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 LPCN Stock Option (Right to Buy) Award $11.6K +10K $1.16 10K Apr 11, 2022 Common Stock 10K $1.16 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to vesting whereby 1/3 of the shares subject to the award will vest on the one year anniversary of April 11, 2023, while the remaining 2/3 of the shares subject to the award will vest monthly on a prorate basis over the following two years.