Depomed, Inc. 1995 Stock Option Plan Notice of Exercise
This document is a notice from an individual to Depomed, Inc. stating their intention to exercise stock options under the company's 1995 Stock Option Plan. The individual specifies the type of option, number of shares, and payment details. By submitting this notice, the purchaser agrees to provide any required documents, pay applicable withholding taxes, and notify the company of certain share dispositions if the option is an incentive stock option. The purchaser's spouse, if applicable, also consents to the terms regarding their interest in the shares.
Exhibit 10.4
DEPOMED, INC.
1995 STOCK OPTION PLAN
NOTICE OF EXERCISE
To Depomed, Inc. (the “Company”):
This constitutes notice under my stock option agreement, a copy of which is attached hereto (the “Stock Option Agreement”), that I elect to purchase the number of shares of Company Common Stock set forth below:
| Type of option (check one) |
| Incentive o |
| Nonstatutory o |
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| Grant date |
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| Exercise price |
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| Number of shares as to which option is exercised |
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| Total exercise price |
| $ |
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| Cash payment delivered herewith |
| $ |
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| Value of previously owned shares of Company Common Stock delivered herewith |
| $ |
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| Certificate to be issued in name of |
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By this exercise, I agree (i) to provide such additional documents as you may require pursuant to the terms of the 1995 Stock Option Plan and my Stock Option Agreement, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the exercise of my option, and (iii) if this exercise relates to an incentive stock option, to notify you in writing promptly after the date of any disposition of any of the shares of Common Stock issued upon exercise of my option that occurs within two years after the grant date of my option or within one year after the exercise date.
| Purchaser: |
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| Tax I.D.: |
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Purchaser’s spouse indicates by the execution of this Notice of Exercise his or her consent to be bound by the terms herein as to his or her interests, whether as community property or otherwise, if any, in the shares hereby purchased.
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