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Quotes & Info
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| SCLN > SEC Filings for SCLN > Form 8-K on 6-Mar-2009 | All Recent SEC Filings |
6-Mar-2009
Change in Directors or Principal Officers, Other Events
On March 6, 2009, SciClone Pharmaceuticals, Inc., a Delaware corporation (the "Company") granted the following options (the "Options") to purchase shares of the Company's common stock under the Company's 2005 Equity Incentive Plan at an exercise price per share equal to the closing price on the NASDAQ Global Market of a share of the Company's common stock on March 6, 2009 to the executive officers and in the amounts set forth below:
Service-Based Performance-
Vesting Share Based Vesting
Name Title Amount Share Amount
Friedhelm Blobel, Ph.D. President and Chief
Executive Officer 300,000 -
Hans P. Schmid President and Managing
Director, SPIL 250,000 125,000
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Each Option has a term of ten years. Options subject to service based vesting are incentive stock options to the extent permitted under the regulations of the Internal Revenue Service and vest on the following schedule, assuming the recipient's continued employment with the Company: 1/4 of the aggregate grant vests on March 6, 2010, with 1/36 of the remaining unvested shares vesting for each full month of employment thereafter. The Option that is subject to performance-based vesting is a nonstatutory option and vests based upon the achievement of written performance metrics approved by the Compensation Committee of the Board of Directors of the Company.
The disclosure contained under Item 5.02 hereof is incorporated by reference into Item 8.01 of this Current Report as it may be deemed to include solicitation materials under Rule 14A of the Securities Exchange Act of 1934, as amended.
Important Information/ Solicitation Participants Legend.
SciClone Pharmaceuticals, Inc. will file a proxy statement in connection with its 2009 annual meeting of stockholders and advises its stockholders to read that proxy statement when it becomes available because it will contain important information. Stockholders will be able to obtain a free copy of that proxy statement and other documents (when available) that SciClone files with the Securities and Exchange Commission at the Commission's website at www.sec.gov. That proxy statement and these other documents will also be available free of charge by directing a request to SciClone Pharmaceuticals, Inc., Attn: Investor Relations, 950 Tower Lane, Suite 900, Foster City, CA 94404, or from SciClone at www.sciclone.com.
SciClone, its directors and named executive officers may be deemed to be participants in the solicitation of proxies from the SciClone stockholders in connection with the 2009 annual meeting. Stockholders may obtain information regarding the names, affiliations and interests of such individuals in SciClone's proxy statement filed on May 5, 2008 for the 2008 annual meeting of stockholders. To the extent that holdings of SciClone securities on the part of those individuals have changed since the date of that proxy statement, those changes have been reflected on Statements of Changes in Ownership on Forms 3 or 4 filed with the Securities and Exchange Commission. More current information regarding the interests of the directors and named executive officers of SciClone will be contained in the proxy statement referred to in the preceding paragraph.
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