SEC Form 4 · accession 0001019695-18-000023
ARQULE INC · ARQL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Schwartz
Officer — Chief Medical Officer
Period of report
Jun 13, 2018
Accepted (ET)
Jun 14, 2018 · 9:27 am 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 13, 2018 | M | 200,000 | $3.62 | A | 245,738 | D | |
| Common StockF1 | Jun 13, 2018 | F | 148,569 | $5.18 | D | 97,169 | 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) | $3.62 | Jun 13, 2018 | M | 200,000 | D | Jul 14, 2012 | Jul 14, 2018 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1The Reporting Person exercised options that were scheduled to expire in July, 2018 during a trading blackout period. The Reporting Person satisfied 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.