7th row: read carefully.

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Anonymous

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Adrian Adams
Chief Executive Officer, President and Director, Inspire Pharmaceuticals, Inc.


ANNUAL COMPENSATION*
Salary $558,750
Total Annual Compensation $558,750

STOCK OPTIONS*
Restricted Stock Awards $3,952,000
All Other Compensation $237,032
Exercisable Options 87,500
Exercisable Values $179,375
Unexercisable Options 262,500
Unexercisable Values $538,125
Total Value of Options $717,500
Total Number of Options 350,000

TOTAL COMPENSATION*
Total Annual Cash Compensation $1,208,750
Total Short Term Compensation $558,750
Other Long Term Compensation $4,189,032

Total Calculated Compensation $6,644,762
 






Paragraphs 3-4.

___________________________

Inspire Announces Grants under NASDAQ Marketplace Rule 5635

Business Wire

DURHAM, N.C. -- May 11, 2010

Inspire Pharmaceuticals, Inc. (NASDAQ:ISPH) announced today the approval of
non-qualified stock option (“Options”) and restricted stock unit (“RSUs”)
grants to Inspire’s Executive Vice President and Chief Administrative and
Legal Officer, Andrew I. Koven, pursuant to NASDAQ Marketplace Rule
5635(c)(4).

On May 10, 2010, Inspire granted Mr. Koven the Options to purchase 200,000
shares of Inspire’s common stock. The Options have an exercise price of $6.22,
which was the closing price of Inspire’s common stock on the NASDAQ Global
Market on the day of the grant.

In addition, Inspire has agreed to grant 500,000 RSUs to Mr. Koven as soon as
practicable following registration of the shares of common stock underlying
such RSUs.

Twenty-five percent of the shares of common stock subject to the Options
vested and became exercisable on May 10, 2010. Fifty percent of the RSUs will
immediately vest and be non-forfeitable on the grant date. 2.0833% of the
shares of common stock subject to the Options will vest and become exercisable
and 1.38889% of the shares of the RSUs will vest and become non-forfeitable,
as applicable, on the first day of each of the first 36 calendar months that
begins after May 10, 2011. The grants are outside Inspire's equity incentive
plans and were awarded to Mr. Koven in accordance with his acceptance of
employment with Inspire.
 












Stock price AA's first day (2/19/10): $6.32/share
Merck buys ISPH for $5/share
He, Koven, and all the gang personally make millions through big cash salaries/bonuses and lavishment of loads of restricted shares, while shareholders lose 21%. Someone needs to stop these guys before they go and do this yet again elsewhere.
 






All great points, and some additional context:

Adams RSU compensation: $3,952,000
Koven RSU compensation: $2,500,000

Total: $6,452,000 (NOT including salary/other bonuses, etc.- which will add significantly)

Assuming 150 Inspire employees, Adams/Koven RSU compensation=

$43,013 PER INSPIRE EMPLOYEE

Now, do the following math:

Your stock options exercisable value + your RSU value + your retention bonus...

If your COMBINED number totals more than $43,013, you're probably one of very few. Again, that number is their combined RSU value only- not additional compensation.
 






Ouch... don't show that to the people that aren't gonna get offers.

You'll probably see most of the TM's you've worked with. Prepare yourself to say goodbye to those you've worked for.
 






It'd be less of a douchebag move if we were all getting more than we are......... the retention money being less than what was shown and misrepresented for when we'd get it (like when we're sold) is bull#$$@! Everyone but those two have to eat it! AA bait and siwitched us
 






Below posted on the Merck board. If people have more information please post it. The more info we have the better as everyone has major life decisions revolving around this stuff. Sad days... it's been one hell of a ride and there's so much to miss. Best of luck to everyone.
______________________

we will be proceeding immediately with offers for 33 of the positions in the key strategic glaucoma markets. Specifically, the territories in this wave include the following:
Worcester
Hartford
Yonkers
Syracuse
Long Island
Brooklyn
NYC North
Queens
Philadelphia South
Baltimore
Atlanta South
Raleigh-Durham
Louisville
Miami North
Miami South
Tampa Bay
Jacksonville
Milwaukee
Minneapolis West
Naperville
Pittsburgh North
Grand Rapids
Cincinnati
Houston East
New Orleans
Houston West
San Diego
Beverly Hills
Hawaii/Torrance
Sacramento
Seattle
Phoenix North
The individuals selected for these positions will be subject of future announcements. For the remaining territories, no final decisions have been made regarding the individuals who will fill these assignments . Those decisions will be determined in the coming weeks.
 
























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