Blu, Amateur, Kid and anyone else - Can someone explain what the BOD might know that would cause them to award a large increase in normal quarterly options in September 2016 and also alter the normal quarterly schedule ?
The following information was obtained from SEC Filings Edgar Search Results
7/5/2013 - Dr. Missling's first contract for three years through
July 5,2016
7/5/16 - First amendment to his contract to extend employment for three years and also provided a large salary raise and many options to be vested over the three year period.
7/7/16 - Clarification of options plus an addition of the following
"UPON A CHANGE OF CONTROL ALL PREVIOUSLY GRANTED BUT UNVESTED OPTIONS SHALL VEST"
7/22/16 - Further clarifications of Missling's options.
Here is the listing of the quantity and dates of options granted to the granted to the BOD on FORM 4s filed with the SEC.
.............Reg. Qtrly
..............4/18/16 &
...............7/16/16..........9/22/16
Metzner........50,000.........100,000
Favus..........1,500.........100,000
Skarpelos.... 50,000......100,000
Missling........................500,000 (In addition to contract options)
Boenisch......................106,696
Steffen.........................100,000
9/28/16 MTA to Biogen filed with the SEC.
????? QUIET PERIOD ?????
Also, Dr. Missling has stated many times that there is no need for funds.
(I have a feeling that the BOD has all of the information they need.)
