SEC Form 4 · accession 0001055726-17-000006
INOVIO PHARMACEUTICALS, INC. · INO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B. Weiner
Director
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001055726
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 9, 2017 | M | 5,334 | — | A | 728,956 | D | |
| Common StockF2 | Mar 9, 2017 | M | 10,000 | — | A | 738,956 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Mar 9, 2017 | M | 5,334 | D | — | — | Common Stock | 5,334 | 10,666 | D |
| Restricted Stock UnitF2 | — | Mar 9, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
| Common Stock OptionF3 | $6.68 | Mar 10, 2017 | A | 60,000 | A | Mar 10, 2017 | Mar 10, 2027 | Common Stock | 60,000 | 60,000 | D |
| Restricted Stock UnitF4 | — | Mar 10, 2017 | A | 35,000 | A | — | — | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 16,000 restricted stock units is as follows: 5,334 shares vested on March 9, 2017; 5,333 shares will vest on March 9, 2018; 5,333 shares will vest on March 9, 2019. Vested units of restricted stock can be settled in shares of common stock, cash or a combination of both.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 30,000 restricted stock units is as follows: 10,000 shares vested on March 9, 2017; 10,000 shares will vest on March 9, 2018; 10,000 shares will vest on March 9, 2019. Vested units of restricted stock can be settled in shares of common stock, cash or a combination of both.
- F3The vesting schedule for the 60,000 options is as follows: 15,000 shares vested on March 10, 2017; 15,000 shares will vest on March 10, 2018; 15,000 shares will vest on March 10, 2019; 15,000 shares will vest on March 10, 2020.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 35,000 restricted stock units is as follows: 11,666 shares will vest on March 10, 2018; 11,667 shares will vest on March 10, 2019; 11,667 shares will vest on March 10, 2020. Vested units of restricted stock can be settled in shares of common stock, cash or a combination of both.