SVP of Quidel Corporation was just granted 54,928 options and restricted shares


Werner Kroll, SVP of Quidel Corporation, just received 54,928 options and restricted shares from the company. The strike prices of the options received ranged from $0.00 to $22.85, and these expire on May 27, 2024. The restricted shares don't become available to Kroll until such time as they become vested. Kroll now has at least 26,483 options, and at least 28,445 restricted shares.

Some additional info was provided as follows:

Each restricted stock unit represents the right to receive one (1) share of Quidel Corporation common stock. The restricted stock units are time based on a four-year cliff vest with full vesting on the fourth anniversary date of the grant date, May 27, 2018. Award of time-based restricted stock that will vest as follows: 4,377 shares wil l vest on the fifth anniversary date of the grant date, May 27, 2019; 4,376 shares will vest on the sixth anniversary date of the grant date, May 27, 2020; 4,376 shares will vest on the seventh anniversary date of the grant date, May 27, 2021; and 4,376 shares will vest on the eighth anniversary date of the grant date, May 27, 2022. 13,242 shares will vest on the second anniversary date of the grant date, May 27, 2016. 6,621 shares will vest on the third anniversary date of the grant date, May 27, 2017. 6,620 shares will vest on the fourth anniversary date of the grant date, May 27, 2018.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

Quidel Reports Third Quarter 2014 Financial Results - Oct. 21, 2014
Quidel Corporation just filed a General Statement of acquisition of beneficial ownership - Oct. 10, 2014
Quidel Corporation's SVP - Clinical/Reg Affairs just cashed-in 5,000 options - Oct. 9, 2014

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