Reverse Split Ratio
|
| |
Approximate Number of New Shares
Following the Reverse Split |
| |||
1-for-3
|
| | | | 25,991,548 | | |
1-for-4
|
| | | | 19,493,661 | | |
1-for-5
|
| | | | 15,594,928 | | |
1-for-6
|
| | | | 12,995,774 | | |
Reverse Split Ratio
|
| |
Approximate Number of Underlying Shares
Following the Reverse Split |
| |||
1-for-3
|
| | | | 14,283,461 | | |
1-for-4
|
| | | | 10,712,596 | | |
1-for-5
|
| | | | 9,170,077 | | |
1-for-6
|
| | | | 7,141,730 | | |
Name and Principal Position
|
| |
Number of Options
Outstanding |
| |
Percentage of Total
Outstanding Options(1) |
| |
Number of Options
Eligible for Option Repricing |
| |
Percentage of
Total Outstanding Options Eligible for Option Repricing(3) |
| ||||||||||||
Marc Rubin
Executive Chairman |
| | |
|
703,640
|
| | | |
|
17.8%
|
| | | |
|
0
|
| | | |
|
0
|
| |
Sunil Bhonsle
Chief Executive Officer |
| | |
|
711,822
|
| | | |
|
18.0%
|
| | | |
|
0
|
| | | |
|
0
|
| |
Executive Group
(two persons) |
| | |
|
1,415,462
|
| | | |
|
35.8%
|
| | | |
|
0
|
| | | |
|
0
|
| |
Non-Executive Director Group
(six persons) |
| | | | 165,915 | | | | | | 4.2% | | | | | | 0 | | | | | | 0 | | |
Non-Executive Officer Group
(six persons) |
| | | | 1,297,279 | | | | | | 32.9% | | | | | | 531,823 | | | | | | 72.6% | | |
All Other Employees and Consultants (19 persons)
|
| | |
|
1,068,744
|
| | | |
|
27.1%
|
| | | |
|
200,736
|
| | | |
|
27.4%
|
| |
Reverse Split Ratio
|
| |
Number of Authorized Plan Shares
Following the Reverse Split |
| |||
1-for-3
|
| | | | 3,333,333 | | |
1-for-4
|
| | | | 2,500,000 | | |
1-for-5
|
| | | | 2,000,000 | | |
1-for-6
|
| | | | 1,666,666 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($) |
| |
Options
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Nonqualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Joseph A. Akers(2)
|
| | | $ | 57,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 57,500 | | |
Rajinder Kumar(3)
|
| | | | 50,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 50,000 | | |
M. David MacFarlane(4)
|
| | | | 60,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 60,000 | | |
James R. McNab, Jr.(5)
|
| | | | 57,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 57,500 | | |
Federico Seghi Recli(6)
|
| | | | 28,125 | | | | | | — | | | | | | 3,242 | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,367 | | |
Scott A. Smith(7)
|
| | | | 52,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 52,500 | | |
Event
|
| |
Award Vesting
|
| |
Exercise Term
|
|
•
Termination by us for Reason Other than Cause, Disability or Death
|
| |
•
Forfeit Unvested Options
|
| |
•
Earlier of: (1) 90 days or (2) Remaining Option Period
|
|
•
Termination for Disability, Death or Retirement
|
| |
•
Forfeit Unvested Options
|
| |
•
Earlier of: (1) 2 years or (2) Remaining Option Period
|
|
•
Termination for Cause
|
| |
•
Forfeit Vested and Unvested Options
|
| |
•
Expire
|
|
•
Other Termination
|
| |
•
Forfeit Unvested Options
|
| |
•
Earlier of: (1) 90 days or (2) Remaining Option Period
|
|
•
Change in Control
|
| |
•
Accelerated*
|
| |
•
*
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Options
Awards ($)(1) |
| |
Stock
Awards ($)(1) |
| |
All Other
Compensation ($)(2) |
| |
Total
Compensation ($) |
| |||||||||||||||||||||
Marc Rubin, M.D.
Executive Chairman |
| | | | 2018(3) | | | | | $ | 295,000 | | | | | $ | | | | | | $ | 125,079 | | | | | $ | — | | | | | $ | — | | | | | $ | 420,079 | | |
| | | 2017 | | | | | | 295,000 | | | | | | — | | | | | | 207,100 | | | | | | — | | | | | | — | | | | | | 502,100 | | | ||
| | | 2016 | | | | | | 285,000 | | | | | | 73,000 | | | | | | 245,311 | | | | | | — | | | | | | — | | | | | | 613,311 | | | ||
Sunil Bhonsle
CEO, President and Principal Financial Officer |
| | | | 2018(3) | | | | | | 395,000 | | | | | | | | | | | | 125,079 | | | | | | — | | | | | | — | | | | | | 520,079 | | |
| | | 2017 | | | | | | 395,000 | | | | | | — | | | | | | 236,686 | | | | | | — | | | | | | 91,881 | | | | | | 723,567 | | | ||
| | | 2016 | | | | | | 395,000 | | | | | | 96,000 | | | | | | 276,323 | | | | | | — | | | | | | — | | | | | | 767,323 | | |
Name
|
| |
Grant
Date |
| |
Approval
Date(1) |
| |
Number of
Shares of Common Stock Underlying Awards (#) |
| |
Exercise or
Base Price of Option Awards ($/Sh) |
| |
Grant Date Fair
Value of Stock and Option Awards ($)(2) |
| |||||||||||||||
Marc Rubin, M.D.
|
| | | | 3/7/2018 | | | | | | 3/06/2018 | | | | | | 170,000(3) | | | | | $ | 0.97 | | | | | $ | 125,079 | | |
Sunil Bhonsle
|
| | | | 3/7/2018 | | | | | | 3/06/2018 | | | | | | 170,000(3) | | | | | $ | 0.97 | | | | | $ | 125,079 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Awards (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Awards (#) Unexercisable |
| |
Exercise
Price ($) |
| |
Expiration Date
|
| ||||||||||||
Marc Rubin, M.D.
|
| | | | 2,729 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | |
| | | 18,182 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 51,818 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 111,819 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 27,273 | | | | | | — | | | | | | 7.70 | | | | | | 4/15/2021 | | | ||
| | | 45,455 | | | | | | — | | | | | | 6.32 | | | | | | 1/3/2022 | | | ||
| | | 36,364 | | | | | | — | | | | | | 3.30 | | | | | | 3/16/2025 | | | ||
| | | 90,900 | | | | | | — | | | | | | 5.10 | | | | | | 12/14/2025 | | | ||
| | | 79,100 | | | | | | — | | | | | | 5.10 | | | | | | 2/02/2026 | | | ||
| | | 61,250 | | | | | | 8,750(1) | | | | | | 3.90 | | | | | | 2/13/2027 | | | ||
| | | 127,500 | | | | | | 42,500(2) | | | | | | 0.97 | | | | | | 3/7/2028 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Awards (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Awards (#) Unexercisable |
| |
Exercise
Price ($) |
| |
Expiration Date
|
| ||||||||||||
Sunil Bhonsle
|
| | | | 1,819 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | |
| | | 18,182 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 56,364 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 70,910 | | | | | | — | | | | | | 4.34 | | | | | | 5/17/2019 | | | ||
| | | 36,364 | | | | | | — | | | | | | 7.70 | | | | | | 4/15/2021 | | | ||
| | | 54,546 | | | | | | — | | | | | | 6.32 | | | | | | 1/3/2022 | | | ||
| | | 43,637 | | | | | | — | | | | | | 3.30 | | | | | | 3/16/2025 | | | ||
| | | 90,900 | | | | | | — | | | | | | 5.10 | | | | | | 12/14/2025 | | | ||
| | | 89,100 | | | | | | — | | | | | | 5.10 | | | | | | 2/02/2026 | | | ||
| | | 70,000 | | | | | | 10,000(1) | | | | | | 3.90 | | | | | | 2/13/2027 | | | ||
| | | 127,500 | | | | | | 42,500(2) | | | | | | 0.97 | | | | | | 3/7/2028 | | |
Plan category
|
| |
Number of securities to
be issued upon exercise of outstanding options, warrant and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (c) |
| |||||||||
Equity compensation plans approved
by security holders |
| | | | 3,348,651 | | | | | $ | 2.72 | | | | | | 671,000 | | |
Equity compensation plans not approved by security holders(1)(2)(3)
|
| | | | 598,749 | | | | | $ | 4.72 | | | | | | — | | |
Total
|
| | | | 2,728,331 | | | | | $ | 3.02 | | | | | | 671,000 | | |
|
Name and Address of Beneficial Owner (1)
|
| |
Shares
Beneficially Owned |
| |
Percent of Shares
Beneficially Owned |
| ||||||
Joseph A. Akers(2)
|
| | | | 449,819 | | | | | | *% | | |
Sunil Bhonsle(3)
|
| | | | 1,502,084 | | | | | | 1.9% | | |
Rajinder Kumar(4)
|
| | | | 15,000 | | | | | | * | | |
M. David MacFarlane, Ph.D.(5)
|
| | | | 239,552 | | | | | | * | | |
James R. McNab, Jr.(6)
|
| | | | 536,819 | | | | | | * | | |
Marc Rubin, M.D.(7)
|
| | | | 1,659,957 | | | | | | 2.1% | | |
Federico Seghi Recli(8)
|
| | | | 804,595 | | | | | | 1.0% | | |
Scott Smith(9)
|
| | | | 15,000 | | | | | | * | | |
All executive officers and directors as a group (8) persons
|
| | | | 5,222,826 | | | | | | 6.5% | | |
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|
|
☐
FOR
|
| |
☐
AGAINST
|
| |
☐
ABSTAIN
|
|
| Date: __________, 2019 | | |
Signature
|
|
| | | |
Signature if held jointly
|
|