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AMPE > SEC Filings for AMPE > Form 8-K on 15-Aug-2014All Recent SEC Filings

Show all filings for AMPIO PHARMACEUTICALS, INC.

Form 8-K for AMPIO PHARMACEUTICALS, INC.


15-Aug-2014

Entry into a Material Definitive Agreement, Change in Directors or Pr


Item 1.01 Entry into a Material Definitive Agreement.

The information set forth under Item 5.02 of this Current Report on Form 8-K is hereby incorporated in this Item 1.01 by reference.



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

Amendment of Employment Agreement with David Bar-Or, M.D.

On August 11, 2014, Ampio Pharmaceuticals, Inc. (the "Company") entered into an amendment to the Employment Agreement, effective August 1, 2010, with David Bar-Or, M.D., the Chief Scientific Officer of the Company (the "Bar-Or Amendment", and the Employment Agreement as amended, the "Bar-Or Employment Agreement"). Under the Bar-Or Amendment, the term of Dr. Bar-Or's Employment Agreement was extended through July 31, 2015. In addition, in connection with the Bar-Or Amendment, Dr. Bar-Or was granted an option to purchase 300,000 shares of the Company's common stock. The option is exercisable for a period of ten years at an exercise price per share equal to $6.48, the quoted closing price of the Company's common stock on August 11, 2014. The option vests as follows: 150,000 shares on the date of grant and 150,000 shares on July 31, 2015, subject to vesting acceleration provisions in accordance with the Bar-Or Employment Agreement.

The description of the Bar-Or Amendment set forth herein does not purport to be complete and is qualified in its entirety by reference to the full text thereof, which is attached hereto as Exhibit 10.1.

Amendment of Employment Agreement with Vaughan Clift, M.D.

On August 11, 2014, the Company entered into an amendment to the Employment Agreement, effective August 1, 2010, with Vaughan Clift, M.D., the Chief Regulatory Affairs Officer of the Company (the "Clift Amendment", and the Employment Agreement as amended, the "Clift Employment Agreement"). Under the Clift Amendment, the term of Dr. Clift's Employment Agreement was extended through July 31, 2015. In addition, in connection with the Clift Amendment, Dr. Clift was granted an option to purchase 170,000 shares of the Company's common stock. The option is exercisable for a period of ten years at an exercise price per share equal to $6.48, the quoted closing price of the Company's common stock on August 11, 2014. The option vests as follows: 85,000 shares on the date of grant and 85,000 shares on July 31, 2015, subject to vesting acceleration provisions in accordance with the Clift Employment Agreement.

The description of the Clift Amendment set forth herein does not purport to be complete and is qualified in its entirety by reference to the full text thereof, which is attached hereto as Exhibit 10.2.




Item 9.01 Financial Statements and Exhibits.

Exhibit
Number                                    Description

10.1         Amendment to Employment Agreement between Ampio Pharmaceuticals, Inc.
             and David Bar-Or, M.D., dated August 11, 2014

10.2         Amendment to Employment Agreement between Ampio Pharmaceuticals, Inc.
             and Vaughan Clift, M.D., dated August 11, 2014


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