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UNIVERSAL BIOSENSORS INC's Chief Financial Officer just picked up 2,000 shares

Salesh Balak, UNIVERSAL BIOSENSORS INC's Chief Financial Officer, recently acquired 2,000 shares of the company. The buys took place at $0.77 per share, on May 27, 2022. Balak now owns 338,558 shares of the company. Balak operates out of Victoria, C3. Some additional info was provided as follows:

The price reported is stated in Australian dollars. The options are fully vested and became exercisable on 03/01/2021. 206,000 of the stock options vested and became exercisable on 10/05/2016, 412,000 of the stock options vested and became exercisable on 12/31/2016 and 103,000 of the stock options vested and became exercisable on 02/23/2017. 216,300 stock options vested and became exercisable on 12/31/2017. Each performance right represents a contingent right to receive one share of common stock of Universal Biosensors, Inc. ("UBI"). The performance rights vest upon, among other triggers, UBI's market capitalization having achieved a specified threshold. Each performance right represents a contingent right to receive one share of common stock of UBI. The performance rights vest upon a change of control transaction with a value greater a specified threshold.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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