MORGAN R. BROWN - 07 Dec 2021 Form 4 Insider Report for Lipocine Inc. (LPCN)

Role
Chief Financial Officer
Signature
/s/ Morgan R. Brown
Issuer symbol
LPCN
Transactions as of
07 Dec 2021
Net transactions value
+$197,120
Form type
4
Filing time
08 Dec 2021, 15:00:23 UTC
Next filing
03 Feb 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LPCN Stock Option (Right to Buy) Award $197,120 +176,000 $1.12 176,000 07 Dec 2021 Common Stock 176,000 $1.12 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to vesting whereby 1/3 of the shares subject to the award will vest on the one year anniversary of December 7, 2022, while the remaining 2/3 of the shares subject to the award will vest monthly on a prorate basis over the following two years.