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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 | ||||||||
Options to acquire Common Stock | $ 2.16 | 03/31/2006 | A | 1,000,000 | (1) | 03/31/2016 | Common Stock, par value $.001 | 1,000,000 | $ 0 | 1,000,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WARRELL RAYMOND P JR C/O GENTA INCORPORATED TWO CONNELL DRIVE BERKELEY HEIGHTS, NJ 07922 |
X | Chairman and CEO |
/s/ RAYMOND P. WARRELL, JR., MD | 04/04/2006 | |
**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) | The option granted consists of two tranches of 500,000 shares. The first tranche of 500,000 shares becomes exercisable over a period of three (3) years from the date of the grant. The second tranche relates to an aggregate of 500,000 shares that will become exercisable and vest in the event that Genta Incorporated achieves one or more specified milestones as follows; a total of 150,000 shares will become exercisable on the date that Genasense (R) receives approval for any first indication in the U.S. from the Food and Drug Administration; a total of 150,000 shares will become exercisable on the date Genasense (R) receives approval for any first indication in Europe from the European Medicines Agency; and a total of 200,000 shares will become exercisable on the first day of the month immediately following the first twelve consecutive month period during which Genta Incorporated realizes net revenues on sales of Genasense (R) of $100,000,000 or more. |