22nd Century Group Inc (XXII)

[Justfactsmam]

The restriction could be very meaningful if stock rises above $1.45 over the next six months...it prevents the option holders from depressing a rally by exercising options and selling into a rise over the next six months (over $1.45). Essentially no access to exercising the options until April 19, 2017.

"66-month warrants to purchase 4,250,000 shares of common stock at an exercise price of $1.45 per share (exercisable after six months)."