Ocata Therapeutics Inc fka OCAT

[Dragon Lady]

More free shares for insiders- just an option grant, nothing new.

This BOD member didn't "buy" a thing with his own money. He's been given, for free, 10,000 options to purchase OCAT stock.

What's also telling- is they are "instant vest", very typical of the way this company hands out goodies. No notes showing a more traditional 25% per year vesting schedule. It appears he could exercise all 10,000 at any time he wants, if they were "in the money". Meaning, on any pop of the stock price, he can do a Lanza and dump and sell the whole lot, even in a month or two or whatever. No vesting period on them that I can see in the filing.

Options, at traditional, well run and well managed companies- are meant to be an incentive for Sr. Mgt, Sr technical and engineering staff and similar to stay long term, work their tales off and thus produce- hitting metrics, performance goals, etc. And thus only be rewarded if the company succeeds and shareholder value increases.

It's very customary therefore, for options to grant over 4 yrs, 25% per yr, whenever an option grant is made. In this case- if it were done traditional, he'd have 2500 vested in yr 1, then 5000 by yr 2, then 7500 yr 3 and then after 4 yrs, all 10K options would be available.

But OCAT likes to hand out the freebies and goodies to the top boys. Thus, these are typical of them, "instant vest" versions. All 10K, instantly and fully vested.

My guess, there will be a lot more of these Form-4's now, handy out the goodies for 2015 to the insider club. Again, very typical of OCAT. Very rich to the insiders- despite the common shares losing over 98% of their value. Not a good sign IMO. Poor management.

Actually, just checked the SEC EDGAR database- they handed out a bunch, just as I suspected:

http://www.sec.gov/Archives/edgar/data/1140098/000117911015000195/xslF345X03/edgar.xml

http://www.sec.gov/Archives/edgar/data/1140098/000117911015000195/xslF345X03/edgar.xml

http://www.sec.gov/Archives/edgar/data/1140098/000117911015000194/xslF345X03/edgar.xml

http://www.sec.gov/Archives/edgar/data/1140098/000117911015000192/xslF345X03/edgar.xml

http://www.sec.gov/Archives/edgar/data/1140098/000117911015000058/xslF345X03/edgar.xml

Just beginning of the year, PERKS n GOODY TIME. Nothing new.