Zosano Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
Zosano Pharma Corporation (ZSAN)
Last zosano pharma corporation earnings: 11/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.zosanopharma.com
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Source: GlobeNewswire
FREMONT, Calif., June 14, 2017 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation (NASDAQ:ZSAN), a clinical stage biopharmaceutical company focused on providing rapid systemic administration of therapeutics to patients using our proprietary ADAM technology, today announced that it has approved inducement option grants to two new employees to purchase an aggregate of 100,000 shares of the Company’s common stock with an exercise price of $1.35 per share, which was the closing price on June 13, 2017. Each stock option has a ten-year term and vests over four years, with one-fourth vesting on the first anniversary of the option’s vesting start date, which is March 27, 2017 for one option and May 1, 2017 for the other option, and the remaining three-fourths vesting in equal monthly installments thereafter. Each grant was made as an inducement that was a material component of the new employee’s compensation and subsequent acceptance of employment with the Company and was granted as an employme
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