Wednesday, October 26, 2016 8:07:36 PM
Gregory T. Mayes,, Advaxis, Inc.'s Chief Business Officer and a director of the company, recently disposed of 19,162 shares of the company. The disposals took place at $8.23 per share, on October 25, 2016. Mayes, still owns 103,087 shares of the company. Mayes, operates out of Princeton,, NJ. Some additional info was provided as follows:
In connection with the vesting of 37,500 shares on October 25, 2016, a total of 19,162 of such shares were withheld by the Company in order to satisfy the reporting person's tax withholding obligations. The reporting person had no discretion with respect to such sale, which was conducted automatically in accordance with the issuer's corporate policies. Reflects the weighted average sale price. The range of prices for such transaction is $8.09 to $8.45. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
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