Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) granted seven directors with 25,384 shares of common stock. “The amount represents restricted stock units that vest in 12 equal monthly installments (except as otherwise necessary to avoid vesting of a fractional share) over one year, beginning on July 13, 2014. The issuance of the shares underlying vested restricted stock units will be mandatorily delayed until the earliest of: (a) the three year anniversary of the grant date; (b) the director’s separation from service; or (c) a change in control of Arena,” (SEC).
Director Anna Christine White received 25,384 shares of common stock. Following this transaction, she owns directly 25,384 shares at Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Director Susan Tina Nova received the same amount, and currently holds 44,112 shares at the company. Directors Scott Bice, Donald Belcher, Phillip Schneider, Harry Hixson and Randall Woods also received this share grant, and currently hold at this $1.38 Billion Market Cap Company, respectively: 49,012 shares, 94,112 shares, 54,112 shares, 108,260, and 45,112 shares, all owned in a direct form.