1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) (2014 Plan)
|
Â
(3)
|
06/22/2027 |
Common Stock
|
26,500
|
$
8.3
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The Reporting Person was granted 26,500 time sensitive restricted stock units ("RSUs") (Grant No. LTIP RSU G8) under the Cellular Biomedicine Group, Inc. 2014 Stock Incentive Plan (the "2014 Plan"), which RSUs vest over a period of four years according to the following schedule: 1/48th per month, with the first installment vested on June 27, 2017. |
(2) |
The Reporting Person was granted 27,000 stock price sensitive RSUs (Grant No. LTIP RSU G16) under the 2014 Plan, which vest based on the 20-day Volume Weighted Average Price (VWAP) of the Company's common stock. In accordance with the terms of the award, 50% of the stock price sensitive RSUs will vest when the 20-day VWAP reaches $30 and the remaining stock price sensitive RSUs will vest in linear 1% increments upon each 20% increase of the 20-day VWAP above $30. The delivery of the vested stock price sensitive RSUs is conditioned upon the Reporting Person's continuous employment with the Company until June 22, 2021. |
(3) |
This option (Grant No. LTIP NQSQ G8) was granted under the 2014 Plan and vests over a period of four years according to the following schedule: 1/48th per month, with the first installment vested on June 27, 2017. |