1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Option (Right to Buy)
(2)
|
11/01/2006 |
01/31/2009 |
Common Stock $0.001 per share
|
50,630
(3)
|
$
2.31
(4)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The Reporting Person is managing director of NTGLT Pharma BVBA which owns 232,814 shares of Encorium Group, Inc. |
(2) |
The business combination between Encorium Group Inc. ("Encorium") and Remedium Oy, a Finnish corporation, closed on Nov. 1, 2006. All options to purchase shares of Remedium stock, including a Remedium option held by the reporting person, remained intact. Upon exercise, however, the Remedium option will automatically entitle the option holder to receive, and the option currently represents the right to receive, shares of Encorium Common Stock in lieu of Remedium stock. |
(3) |
Represents the maximum number of Encorium shares subject to the stock option. The actual number of Encorium shares purchasable under the stock option may be less, depending on post-closing adjustments (if any) under the terms of the business combination between Encorium and Remedium. |
(4) |
The reporting person holds a stock option to purchase 120 Remedium shares at 750 Euros per share, which currently represents the right to purchase a maximum of 50,630 shares of Encorium Common Stock. As a result, each Remedium share subject to the option represents the right to buy a maximum of 422 Encorium shares at 1.78 Euros per shares (approximately $2.31 per share, depending on the exchange rate). If the actual number of shares purchasable under the option will be less than 50,630 shares, the exercise price will be higher. |