Provectus Biopharmaceuticals Inc (PVCT): He exercised options at 0.95. That's wh...

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Provectus Biopharmaceuticals Inc (PVCT)

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Re: tim779 post# 4196

Tuesday, 05/20/2014 10:40:18 AM

Tuesday, May 20, 2014 10:40:18 AM

He exercised options at 0.95. That's what the code "M" on the form means. It may seem backwards, but this type of transaction is listed as disposed "D" on the form. He did not sell stock, he "disposed" of the options, which means he got the 25,000 shares.

It's explained (poorly) here:

http://wiki.fool.com/Form_4

Look at the explanation for Table II, box 5. If he was being granted options, it would be listed as acquired "A".

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