Dicerna™ Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Dicerna Pharmaceuticals, Inc. (DRNA)
Last dicerna pharmaceuticals, inc. earnings: 2/27 04:05 pm
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Source: Business Wire
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dicerna™ Pharmaceuticals, Inc. (Nasdaq:DRNA) (the “Company” or “Dicerna”), a leading developer of investigational RNA interference (RNAi) therapeutics, today announced that the Compensation Committee of the Company's Board of Directors approved the grant of inducement stock options to purchase a total of 529,500 shares of common stock to be distributed among 10 new employees, with a grant date of July 1, 2019 (the “Inducement Grant"). Rob Ciappenelli, chief commercial officer of Dicerna, received inducement options to purchase 300,000 of the 529,500 total shares of common stock.The stock options approved under the Inducement Grant were issued pursuant to Dicerna’s 2016 Inducement Plan and have an exercise price per share equal to $15.61, the fair market value on the grant date. The stock options vest over four years, with 25% vesting on the one-year anniversary of the employees’ first days of employment with the Company and 1/36 of the remaining
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