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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $ 800.67 | 08/31/2009 | D | 2,646 | (4) | 02/14/2010 | Common Stock | 2,646 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 800.67 | 08/31/2009 | D | 2,646 | (4) | 10/28/2015 | Common Stock | 2,646 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 800.67 | 08/31/2009 | D | 10,585 | (4) | 10/28/2009 | Common stock | 10,585 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2,390.7 | 08/31/2009 | D | 1,000 | (4) | 01/01/2011 | Common Stock | 1,000 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 4,110 | 08/31/2009 | D | 1,000 | (4) | 01/25/2012 | Common Stock | 1,000 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2,358.3 | 08/31/2009 | D | 1,000 | (4) | 01/28/2013 | Common Stock | 1,000 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2,964 | 08/31/2009 | D | 3,333 | (4) | 05/16/2013 | Common Stock | 3,333 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 3,096 | 08/31/2009 | D | 250 | (4) | 01/04/2014 | Common Stock | 250 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 486 | 08/31/2009 | D | 500 | (4) | 01/28/2015 | Common Stock | 500 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 615 | 08/31/2009 | D | 750 | (4) | 01/23/2016 | Common Stock | 750 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 648 | 08/31/2009 | D | 3,334 | (4) | 03/31/2016 | Common Stock | 3,334 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 136.89 | 08/31/2009 | D | 333 | (4) | 01/12/2017 | Common Stock | 333 | (2) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WARRELL RAYMOND P JR C/O GENTA INCORPORATED 200 CONNELL DRIVE BERKELEY HEIGHTS, NJ 07922 |
X | Chairman and CEO |
/s/ Raymond P. Warrell Jr. | 09/11/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | On September 4, 2009, the Issuer filed Form S-8 for the Genta Incorporated 2009 Stock Incentive Plan, registering 83,478,929 shares of Genta Incorporated Common Stock, par value $0.001. The shares underlying the restricted stock units that vested were issued to the reporting person on or after September 4, 2009, when the Form S-8 was filed. |
(2) | On August 31, 2009, the Issuer canceled, pursuant to the issuer's option exchange program (i) 15,877 options granted to the reporting person on 10/28/99, (ii) 1,000 options granted on 01/01/01, (iii) 1,000 options granted on 1/25/02, (iv) 1,000 options granted on 1/28/03, (v) 3,333 options granted on 5/16/03, (vi) 250 options granted on 1/05/04, (vii) 500 options granted on 1/28/05, (viii) 750 options granted on 1/23/06, (ix) 3,334 options granted on 3/31/06 and (x) 333 options granted on 1/12/07. In exchange for these cancelled options, the reporting person received 26,474,679 shares of restricted stock units pursuant to the Genta Incorporated 2009 Stock Incentive Plan. |
(3) | The 26,474,679 shares of restricted stock units will vest as follows: 3,971,202 shares will vest on the grant date, 11,913,605 shares will vest in thirteen equal portions on quarterly anniversaries from the grant date, so as to be fully vested on December 31, 2012, 5,294,936 shares will vest on the date the Company has received notice that Genasense(R) has been approved for marketing by US Food and Drug Administration or European Medicines Agency and 5,294,936 shares will vest on the date when the market capitalization of the Company first exceeds ten times the market capitalization value as of the initial grant date on August 31, 2009. The market capitalization of the Company on August 31, 2009 was $50,869,855.58 as determined by the Company. |
(4) | Pursuant to the terms of the Issuer's 1998 Stock Incentive Plan, as amended and restated, the canceled options vested in four substantially equal annual installments. See (2) above for the respective grant dates. |
(5) | Includes 2,077,759 shares of common stock held in the reporting person's IRA, 8,115 shares of common stock held in a joint account with the reporting person's spouse, Dr. Itri, 19,624,232 shares of common stock underlying the Senior Secured Convertible Promissory Notes due June 9, 2010 (the "Notes") and 26,474,679 shares of common stock underlying the restricted stock units acquired on 8/31/09 as set forth in Table I hereof. |
(6) | Includes 3,114,224 shares of common stock held in the reporting person's spouse, Dr. Itri's IRA of which the reporting person is the beneficiary, 121,096 shares of common stock issuable upon the conversion of the Notes by Dr. Itri and 9,071,990 shares of common stock underlying the restricted stock units acquired by Dr. Itri on 8/31/09. |