UNS 0.00% 0.5¢ unilife corporation

ramin's restricted stock, page-4

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    On June 14, 2012, we entered into a new employment agreement with Dr. Mojdeh, with an initial four and a half year term, until December 31, 2016. In connection with the employment agreement, the compensation committee approved a grant to Dr. Mojdeh, effective June 14, 2012, of 1,250,000 restricted shares of our common stock. The restricted shares will vest in accordance with the terms of the restricted stock agreement entered into by the Company and Dr. Mojdeh on June 14, 2012, or Stock Agreement, and provided that Dr. Mojdeh remains continuously employed with us through the relevant vesting milestones. See the narrative following the Grants of Plan-Based Awards in Fiscal 2012 table on page 31 for more information about the terms of this long-term incentive award to Dr. Mojdeh.
 
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