Delaware
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000-31719
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62-1657552
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1414 Raleigh Road, Suite 400
Chapel Hill, North Carolina
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27517
|
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(Address of Principal Executive Offices)
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(Zip Code)
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
Name
|
Position
|
2015
Base Salary
|
Cash Bonus | Number of Stock Options | LTIP
Cash Award
|
LTIP
Options
|
LTIP
Restricted Stock Units
|
Number of Restricted Stock Units | |||||||||||||||||||
John R. Plachetka
|
Chairman, President and Chief Executive Officer
|
$
|
628,403
|
(1)
|
$
|
295,650
|
-
|
$
|
637,500
|
(2)
|
-
|
79,887
|
(3)(4)
|
|
-
|
||||||||||||
William L. Hodges
|
Chief Financial Officer and Senior Vice President, Finance and Administration
|
$
|
373,787
|
(1)
|
$
|
108,225
|
-
|
- |
-
|
-
|
30,000
|
(3)(5)
|
|||||||||||||||
Gilda M. Thomas
|
Senior Vice President and General Counsel
|
$
|
348,964
|
(1)
|
$
|
101,025
|
-
|
- |
-
|
-
|
30,000
|
(3)(5)
|
|||||||||||||||
John Fort
|
Chief Medical Officer
|
$
|
393,872
|
(1)
|
$
|
114,000
|
-
|
- |
-
|
-
|
30,000
|
(3)(5)
|
|||||||||||||||
Dennis McNamara
|
Senior Vice President and Chief Business Officer
|
$
|
267,800
|
(1)
|
$
|
78,000
|
-
|
- |
-
|
-
|
30,000
|
(3)(5)
|
(1) | Represents approximately a 3.0% increase in annual base salaries; effective January 1, 2015. |
(2) | Dr. Plachetka’s Long Term Incentive Plan cash award shall vest annually over a three year period, beginning January 1, 2015. |
(3) | Grant date was December 31, 2014. |
(4) | Dr. Plachetka’s Long Term Incentive Plan restricted stock units grant shall vest 25% annually over four years commencing upon the first anniversary of the date of grant, subject to continued employment or service to the Company. Once vested, the restricted stock units are payable when Dr. Plachetka ceases to be employed by or perform services for the Company; provided that to the extent required to comply with IRS Section 409A, the shares will not be issued until a date that is six months after Dr. Plachetka has ceased to be employed by or provide services to the Company. |
(5) | The restricted stock units vest 25% annually over four years commencing upon the first anniversary of the date of grant, subject to continued employment or service to the Company. |
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By:
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/s/ William L. Hodges
|
||
|
|
Name:
|
William L. Hodges
|
|
|
|
Title:
|
Chief Financial Officer
|