SEC Form 4 · accession 0001104659-16-120557
EMMAUS LIFE SCIENCES, INC. · EMMA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Ludlum
Officer — Chief Business Officer
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 5:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420031
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionsF1 | $5.00 | May 10, 2016 | A | 300,000 | A | — | May 9, 2026 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1The option vests one-third (1/3) on May 10, 2017, and thereafter will vest monthly in equal amounts (or as close to an equal amount as possible) until the third anniversary of the date of the grant such that the options are fully vested as of May 10, 2019.