SEC Form 4 · accession 0001055726-17-000007
INOVIO PHARMACEUTICALS, INC. · INO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Kies
Officer — CFO
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 | 25,000 | $0.00 | A | 56,219 | D | |
| Common Stock | Mar 9, 2017 | F | 9,171 | $6.61 | D | 47,048 | D | |
| Common Stock | holding | — | — | — | 4,500 | I | By Spouse |
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 | 25,000 | D | — | — | Common Stock | 25,000 | 50,000 | D |
| Common Stock OptionsF2 | $6.68 | Mar 10, 2017 | A | 100,000 | A | Mar 10, 2017 | Mar 10, 2027 | Common Stock | 100,000 | 100,000 | D |
| Restricted Stock UnitF3 | — | Mar 10, 2017 | A | 61,300 | A | — | — | Common Stock | 61,300 | 61,300 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 75,000 restricted stock units is as follows: 25,000 shares vested on March 9, 2017; 25,000 shares will vest on March 9, 2018; 25,000 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.
- F2The vesting schedule for the 100,000 options is as follows: 25,000 shares vested on March 10, 2017; 25,000 shares will vest on March 10, 2018; 25,000 shares will vest on March 10, 2019; 25,000 shares will vest on March 10, 2020
- F3Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 61,300 restricted stock units is as follows: 20,433 shares will vest on March 10, 2018; 20,434 shares will vest on March 10, 2019; 20,433 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.