SEC Form 4 · accession 0001003642-16-000020
Impax Laboratories, LLC · IPXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie Z Benet
Director
Period of report
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 3:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001003642
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 15, 2016 | M | 20,000 | $6.55 | A | 40,225 | D | |
| Common StockF1 | Aug 15, 2016 | S | 10,092 | $22.81 | D | 30,133 | D | |
| Common Stock | holding | — | — | — | 600 | I | By The Benet Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $6.55 | Aug 15, 2016 | M | 20,000 | D | — | May 20, 2019 | Common Stock | 20,000 | 30,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $22.75 to $22.90 in multiple transactions. The reporting person undertakes to provide to Impax Laboratories, Inc., any security holder of Impax Laboratories, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2100% of the shares subject to the option are fully vested and exercisable.
Remarks
The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.