CytoSorbents Corporation (CTSO): Kraus and Chan received options with a s...

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Re: Paulness post# 5506

Monday, 07/28/2014 10:28:21 PM

Monday, July 28, 2014 10:28:21 PM

Kraus and Chan received options with a strike price of $0.195 as part of their compensation. They did not purchase the securities outright.

When the options vest (performance based for Chan and 3/28/2015 for Kraus), they can exercise those options which convert into shares at $0.195/share and sell them on the open market.

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