PDL BioPharma director just picked up 71,023 shares

Paul R Edick, a director of PDL BioPharma, recently acquired 71,023 shares of the company. The buys took place at $3.52 per share, on June 02, 2016. Edick now owns 99,486 shares of the company. Edick operates out of Incline Village, NV. Some additional info was provided as follows:

The grant will cliff-vest on the first anniversary of the date of grant so long as the grant recipient continues to serve on the Board of Directors of PDL BioPharma, Inc. During the one-year vesting period, the grant recipient will have the right to vote the shares and receive any dividends and other distributions paid, except that dividends and other distributions will be accumulated and will vest and be paid, with interest, on the earlier of the same vesting conditions as the original aw ard or March 15th of the year following the payment of such dividend or distribution to all stockholders.

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

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Other recent filings from the company include the following:

Departure of Directors or Certain - June 14, 2018
PDL BioPharma director just picked up 54,348 shares - June 12, 2018
PDL BioPharma director just picked up 54,348 shares - June 12, 2018
PDL BioPharma's CEO was just granted 1,922,100 options - June 12, 2018
PDL BioPharma director just picked up 54,348 shares - June 12, 2018

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