Radius Health Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Radius Health, Inc. (RDUS)
Last radius health, inc. earnings: 2/27 07:30 am
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US:NASDAQ Investor Relations:
investors.radiuspharm.com
Company Research
Source: GlobeNewswire
WALTHAM, Mass., April 28, 2020 (GLOBE NEWSWIRE) -- Radius Health, Inc. (“Radius” or the “Company”) (Nasdaq:RDUS) today announced that the Company’s Board of Directors (the “Board”) granted G. Kelly Martin, in connection with his appointment as Chief Executive Officer and President of the Company, an option (the “Time-Based Option”) to purchase 575,000 shares of the Company’s common stock with a per share exercise price of $16.46 (the “Exercise Price”), the closing trading price of the Company’s common stock on the Nasdaq Global Market on the grant date of April 28, 2020 (the “Grant Date”). The Time-Based Option vests 25% on the first anniversary of the Grant Date, with the remaining 75% to vest in substantially equal monthly installments over the three years thereafter, subject to continued service with the Company through the applicable vesting dates, and has a ten-year term. In addition, the Board granted Mr. Martin an option (the “Performance-Based Option”) to purchase 575,000
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