On Friday, Shares of Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR)gained0.43% to $2.33. The share price is trading in a range of 2.26 - 2.42 (Price in Dollars). The stock exchanged hands with 395,747shares contrast to its average daily volume of 764,102shares.Aegerion Pharmaceuticals, today declared that on May 2, 2016, Aegerion granted stock options to purchase an aggregate of 12,350 shares of common stock to three new employees under the inducement stock option program described below. Each stock option has an exercise price per share equal to $2.79, the closing price of Aegerion’s common stock on the grant date; vests 25% on the first anniversary of the date of grant with the remaining 75% to vest in monthly installments over the three years thereafter; has a ten year term; and is subject to the terms and conditions of Aegerion’s Inducement Award Stock Option Plan, and the terms and conditions of a stock option agreement covering the grant.
During the most recent trading day, the stock’s price shifted up2.43percent from its 52-week-low while-89.71percentlower from its 52-week high. The stock’s price moved down its 200 day moving average of $7.67. The stock is presently trading down its SMA 50 of $3.34.The Inducement Award Stock Option Plan is used exclusively for the grant of non-qualified stock options to individuals who were not formerly an employee or non-employee director of Aegerion (or following a bona fide period of non-employment), as an inducement new hire stock option award material to an individual’s entry into employment within the meaning of Rule 5635(c)(4) of the NASDAQ Listing Rules (Inducement Stock Options).
