Vaughn Himes - Apr 27, 2023 Form 4 Insider Report for VBI Vaccines Inc/BC (VBIV)

Role
Director
Signature
/s/ Vaughn B. Himes
Stock symbol
VBIV
Transactions as of
Apr 27, 2023
Transactions value $
$0
Form type
4
Date filed
4/28/2023, 04:15 PM
Previous filing
Apr 25, 2023
Next filing
May 3, 2023

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 +8K $0.00 8K Apr 27, 2023 Common Shares 8K $2.49 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 to the reporting person on April 27, 2023 (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 April 27, 2023 (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.