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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 Options | $ 4.6 | 01/26/2007 | D(1) | 115,000 | (1) | 09/08/2013 | Common Stock | 115,000 | (2) | 0 | D | ||||
Employee Stock Options | $ 4.6 | 01/26/2007 | A(1) | 115,000 | (1) | 12/31/2007 | Common Stock | 115,000 | (2) | 115,000 | D | ||||
Employee Stock Options | $ 5.36 | 01/26/2007 | D(3) | 75,000 | (3) | 01/15/2014 | Common Stock | 75,000 | (2) | 0 | D | ||||
Employee Stock Options | $ 5.36 | 01/26/2007 | A(3) | 56,250 | (3) | 12/31/2007 | Common Stock | 56,250 | (2) | 56,250 | D | ||||
Employee Stock Options | $ 6.31 | 01/26/2007 | D(4) | 50,000 | (4) | 01/19/2015 | Common Stock | 50,000 | (2) | 0 | D | ||||
Employee Stock Options | $ 6.31 | 01/26/2007 | A(4) | 25,000 | (4) | 12/31/2007 | Common Stock | 25,000 | (2) | 25,000 | D | ||||
Employee Stock Options | $ 5.73 | 01/26/2007 | D(5) | 80,000 | (5) | 01/19/2016 | Common Stock | 80,000 | (2) | 0 | D | ||||
Employee Stock Options | $ 5.73 | 01/26/2007 | A(5) | 20,000 | (5) | 12/31/2007 | Common Stock | 20,000 | (2) | 20,000 | D | ||||
Employee Stock Options | $ 6.17 | 01/26/2007 | A | 64,375 | 01/26/2007(6) | 12/31/2008 | Common Stock | 64,375 | (2) | 64,375 | D | ||||
Employee Stock Options | $ 6.17 | 01/26/2007 | A | 12,500 (7) | 01/26/2007(6) | 01/26/2017 | Common Stock | 12,500 | (2) | 12,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LI CHIANG J C/O ARQULE, INC. 19 PRESIDENTIAL WAY WOBURN, MA 01801 |
EVP, Chief Scientific Officer |
Robert J. Connaughton, Jr. by Power of Attorney for Chiang J. Li | 01/30/2007 | |
**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) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on November 20, 2003 and provides for vesting in four equal installments commencing on July 2, 2003. The amendment will extend the post termination expiration date to December 31, 2007. |
(2) | Employee stock option grant. |
(3) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on January 15, 2004 and provides for vesting in four equal annual installments commencing on January 15, 2005. The amendment will extend the post termination expiration date to December 31, 2007 for options that were exercisable and vested on the date of termination. As a result of the Reporting Person leaving the employ of the Company, the option grant lapsed as to the remaining 18,750 unvested options. |
(4) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on January 19, 2005 and provides for vesting in four equal installments commencing on January 19, 2006. The amendment will extend the post termination expiration date to December 31, 2007 for options that were exercisable and vested on the date of termination. Pursuant to the Separation Agreement and Release, by and between the issuer and the Reporting Person forfeited the remaining 25,000 unvested options. As a result of the Reporting Person leaving the employe of the Company, the option grant lapsed as to the remaining 25,000 unvested options. |
(5) | Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on January 19, 2006 and provides for vesting in four equal installments commencing on January 19, 2007. The amendment will extend the post termination expiration date to December 31, 2007 for options that were exercisable and vested on the date of termination. As a result of the Reporting Person leaving the employe of the Company, the option grant lapsed as to the remaining 60,000 unvested options. |
(6) | The options are fully vested and exercisable on the date of grant. |
(7) | The employee stock options were granted for service on the issuers Scientific Advisory Board. |