President of PDL BioPharma just picked up 588,235 shares

John Peter Mclaughlin, President of PDL BioPharma, recently acquired 588,235 shares of the company. The buys took place at $2.04 per share, on March 04, 2017. Mclaughlin now owns 1,404,463 shares of the company. Mclaughlin operates out of Incline Village, NV. Some additional info was provided as follows:

The restricted stock will vest, provided that the officer remains employed by the Company and certain performance goals are achieved, based upon the following schedule: 50% on December 2018; 16.66% on December 2019; 16.66% on December 2020; and 16.66% on December 2021.

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:

PDL BioPharma's President just picked up 240,200 shares - Sept. 13, 2017
PDL BioPharma's President just declared 0 ownership of the company. - Sept. 13, 2017
Securities to be offered to employees in employee benefit plans - Sept. 12, 2017
PDL: Cook Williams Communications, Inc - Sept. 11, 2017
Current report, items 7.01 and 9.01 - Sept. 11, 2017

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