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HNSN > SEC Filings for HNSN > Form 8-K on 21-Feb-2014All Recent SEC Filings

Show all filings for HANSEN MEDICAL INC



Change in Directors or Principal Officers, Financial Statements and Exhibits

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

(e) On February 14, 2014, we entered into an employment letter agreement with our Interim Chief Executive Officer, Christopher P. Lowe, which is attached hereto as Exhibit 10.1 and incorporated by reference herein (the "Employment Agreement"). Mr. Lowe also entered into our standard form of proprietary information and inventions agreement. The following description of the Employment Agreement is a summary and is qualified by reference to the full text of the Employment Agreement.

Pursuant to the Employment Agreement, Mr. Lowe (i) will receive a monthly salary of $64,134.67, (ii) will be reimbursed for his reasonable travel expenses as well as for temporary living expenses in accordance with our generally applicable policies, and (iii) will be granted an option to purchase 120,000 shares of our common stock (the "Option") with an exercise price equal to the fair market value of our common stock on the date the Option is granted. The Option will be granted under our 2006 Equity Incentive Plan, and will vest in equal monthly installments over six months of continuous employment as Interim Chief Executive Officer.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Number       Description

10.1         Employment Letter Agreement by and between Hansen Medical, Inc. and
             Christopher P. Lowe dated
             February 14, 2014.

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