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INSMED Inc — Director's Dealing 2011
Jan 14, 2011
30150_dirs_2011-01-14_cda56246-4365-4ca8-8d29-5617739fe1b0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INSMED INC (INSM)
CIK: 0001104506
Period of Report: 2011-01-12
Reporting Person: ENGELSEN STEINAR J (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-12 | Restricted Stock Units | $ | A | 54687.50 | Acquired | Common Stock (54687.50) | Direct |
Footnotes
F1: The RSU's have a one year cliff vesting period, provided that the director attends at least 75% of the meetings of the Board.
F2: The RSU's will be settled in a lump sum cash payment upon vesting; provided, however, that if the Company's shareholders approve an amendment to the Company's Amended & Restated 2000 Stock Incentive Plan to increase the number of shares of common stock that may be issued under the plan or additional shares become available to the plan through stock option expirations and/or employee terminations, the Company may settle the RSU's in shares of common stock in lieu of cash.