BioPharmX Corp fka BPMX

[kevli33]

http://ih.advfn.com/p.php?pid=nmona&article=78251970

He was "granted" options i believe. Not savvy enough to interpret the fine print in sec filings. Perhaps others are.

In connection with his appointment as chief executive officer, on September 11, 2018, the Company and Dr. Tierney executed an employment offer letter (the “Offer Letter”), which provides the following:

·
A base salary of $450,000 per year.
·
An initial annual bonus target of 50% of base salary.
·
Eligibility to participate in the Company’s employee benefit plans and entitled to paid vacation in accordance with the Company’s vacation policy on the same basis as other executive employees.
·
On September 11, 2018, Dr. Tierney was granted an incentive stock option to purchase 7,400,000 shares of the Company’s common stock with an exercise price equal to $0.22, which was equal to the closing price of the Company’s common stock on the NYSE American on the date of grant.