4: Statement of changes in beneficial ownership of securities
Published on August 28, 2018
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $ 1.50 | 08/24/2018 | M | 30,000 | 12/09/2010(1) | 12/08/2020 | Common Stock | 30,000 | $ 0 | 33,400 | D | ||||
Stock Option (right to buy) | $ 10 | 08/24/2018 | M | 10,000 | 07/10/2014(2) | 07/10/2024 | Common Stock | 10,000 | $ 0 | 23,400 | D | ||||
Stock Option (right to buy) | $ 6.37 | 08/24/2018 | M | 18,574 | 09/14/2016(3) | 02/14/2021 | Common Stock | 18,574 | $ 0 | 4,826 | D |
Reporting Owners
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Vazquez Adrian 700 N. BRAND BLVD. SUITE 1400 GLENDALE, CA 91203 |
Co-Chief Medical Officer |
Signatures
Adrian Vazquez | 08/28/2018 | |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | If the form is filed by more than one reporting person, see Instruction 4(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) | One third (1/3) of the shares subject to the option vested on December 9, 2010, December 9, 2011 and December 9, 2012, respectively. |
(2) | One thirty-sixth (1/36) of the shares subject to the option vested on July 10, 2014 and on each monthly anniversary of July 10, 2014, respectively. |
(3) | The option was approved by the Issuer's Compensation Committee on February 15, 2016, subject to shareholder approval of the plan under which the option was granted. The Issuer's stockholders approved the plan on September 14, 2016. The option vested as to 15,584 shares on February 15, 2016 and the balance of the shares subject to the option vested at a rate of approximately 651 shares per month commencing on March 15, 2016. |
Remarks: The acquisition of the Issuer's common stock reported on this Form 4 resulted from the exercise of options granted by the Issuer's Compensation Committee, a committee solely composed of two or more non-employee directors, and is therefore exempt from section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to rule 16b-3(d)(1) thereunder. |