SEC Form 4 · accession 0001019695-18-000022
ARQULE INC · ARQL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paolo Pucci
Officer — Chief Executive Officer · Director
Period of report
Jun 8, 2018
Accepted (ET)
Jun 11, 2018 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001019695
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 8, 2018 | M | 101,264 | $3.95 | A | 521,758 | D | |
| Common Stock | Jun 8, 2018 | M | 398,736 | $3.95 | A | 920,494 | D | |
| Common StockF1 | Jun 8, 2018 | F | 352,286 | $5.78 | D | 568,208 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $3.95 | Jun 8, 2018 | M | 101,264 | D | Jun 9, 2011 | Jun 9, 2018 | Common Stock | 101,264 | 0 | D |
| Stock Option (Right to Buy) | $3.95 | Jun 8, 2018 | M | 398,736 | D | Jun 9, 2011 | Jun 9, 2018 | Common Stock | 398,736 | 0 | D |
Explanation of responses
- F1The Reporting Person exercised options that were scheduled to expire on June 9, 2018. As part of the transaction, the Reporting Person paid $250,000 of the aggregate exercise price in cash. The Reporting Person satisfied the balance of the exercise price and applicable tax withholding by electing to have the Company retain shares otherwise issuable upon exercise of the options. No shares were sold into the market as part of this transaction, and the reporting Person continues to hold the net shares realized from the option exercise.