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NSPR > SEC Filings for NSPR > Form 8-K on 7-May-2013All Recent SEC Filings

Show all filings for INSPIREMD, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for INSPIREMD, INC.


Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 3, 2013, Craig Shore was appointed chief administrative officer of InspireMD, Inc. (the "Company"). In this role, Mr. Shore will be responsible for the daily operations of the Company, including overseeing the financial, regulatory and legal aspects of the Company's operations and assisting the Company with non-executive compensation decisions. Mr. Shore will continue to serve as the chief financial officer, secretary and treasurer of the Company. In connection with his appointment as chief administrative officer of the Company, Mr. Shore was granted an option to purchase 25,000 shares of the Company's common stock, at an exercise price of $2.95, with a term of ten years. The option vests in three equal annual installments, with 1/3 becoming exercisable on each of May 3, 2014, May 3, 2015 and May 3, 2016, subject to Mr. Shore's "continued service" with the Company, as such term is defined in the Company's Amended and Restated 2011 Umbrella Option Plan.

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