SEC Form 4 · accession 0001012975-17-000287
ARADIGM CORP · ARDM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grifols SA
10% Owner
Period of report
Apr 21, 2016
Accepted (ET)
Apr 4, 2017 · 2:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013238
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9% Senior Convertible Notes due 2021F2,F1 | — | Apr 21, 2016 | P | — | A | — | — | Common Stock | 3,829,175 | — | I |
Explanation of responses
- F1The Senior Convertible Notes are exercisable by the holder at any time prior to the close of business on the second business day immediately preceding May 1, 2021 (the maturity date for the Senior Convertible Notes). The conversion rate of the Senior Convertible Notes is 191.9386 shares of common stock for each $1,000 principal amount of Senior Convertible Notes, subject to adjustment, which represents a conversion price of approximately $5.21 per share of common stock.
- F2The Senior Convertible Notes are held by Grifols Worldwide Operations Limited, a wholly-owned subsidiary of the Reporting Person. The Reporting Person disclaims beneficial ownership of the Senior Convertible Notes except to the extent of its pecuniary interest.