0001415889-12-001557.txt : 20121026 0001415889-12-001557.hdr.sgml : 20121026 20121026170016 ACCESSION NUMBER: 0001415889-12-001557 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121024 FILED AS OF DATE: 20121026 DATE AS OF CHANGE: 20121026 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCHNITTKER CHRISTOPHER P. CENTRAL INDEX KEY: 0001127785 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35218 FILM NUMBER: 121165003 MAIL ADDRESS: STREET 1: 29 EMMONS DRIVE STREET 2: SUITE C-10 CITY: PRINCETON STATE: NJ ZIP: 08540 FORMER NAME: FORMER CONFORMED NAME: SCHNITTKER CHRISTOPHER P DATE OF NAME CHANGE: 20001103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Echo Therapeutics, Inc. CENTRAL INDEX KEY: 0001031927 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 411649949 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8 PENN CENTER STREET 2: 1628 JFK BLVD, SUITE 300 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-717-4100 MAIL ADDRESS: STREET 1: 8 PENN CENTER STREET 2: 1628 JFK BLVD, SUITE 300 CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: SONTRA MEDICAL CORP DATE OF NAME CHANGE: 20020702 FORMER COMPANY: FORMER CONFORMED NAME: CHOICETEL COMMUNICATIONS INC/MN/ DATE OF NAME CHANGE: 20020701 FORMER COMPANY: FORMER CONFORMED NAME: SONTRA MEDICAL CORP DATE OF NAME CHANGE: 20020701 4 1 form4-10262012_051003.xml X0306 4 2012-10-24 0001031927 Echo Therapeutics, Inc. ECTE 0001127785 SCHNITTKER CHRISTOPHER P. 8 PENN CENTER 1628 JFK BLVD, SUITE 300 PHILADELPHIA PA 19103 false true false false CFO Common Stock 2012-10-24 4 A 0 31250 0 A 93750 D Common Stock 2012-10-24 4 A 0 31250 0 A 125000 D In accordance with a Restricted Stock Agreement dated October 24, 2012, 25% of the Shares shall vest on each of October 24, 2013, October 24, 2014, October 24, 2015 and October 24, 2016. Notwithstanding the foregoing, (i) all unvested shares shall become fully vested at any earlier time set forth in the Reporting Person's Employmnet or Change in Control Agreeme with the Company (if any) or (ii) all unvested shares shall immediately vest upon the sale of all or substantially all of the assets of the Company or all or substantially all of the outstanding capital stock of the Company in exchange for Liquid Proceeds. As used herein, "Liquid Proceeds" shall mean (a) cash; (b) securities which can be sold immediately on NYSE or NASDAQ; (c) securities which are or will be registered such that they can be sold on NYSE or NASDAQ upon termination of a lock-up period not to exceed one hundred eighty (180) days; or (d) or a combination of cash and the foregoing securities; In accordance with a Restricted Stock Agreement dated October 24, 2012, 25% of the Shares shall vest on each of July 24, 2013, July 24, 2014, July 24, 2015 and July 24, 2016. Notwithstanding the foregoing, (i) all unvested shares shall become fully vested at any earlier time set forth in the Reporting Person's Employment or Change in Control Agreement with the Compnay (if any) or (ii) all unvested shares shall immediately vest upon the sale of all or substantially all of the assets of the Company or all or substantially all of the outstanding capital stock of the Company in exchange for Liquid Proceeds. /s/ Kimberly A Burke, Attorney-in-Fact 2012-10-26