SEC Form 4 · accession 0001055726-17-000010
INOVIO PHARMACEUTICALS, INC. · INO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Niranjan Sardesai
Officer — Chief Operating Officer
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 5:43 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 | — | A | 88,513 | D | |
| Common Stock | Mar 9, 2017 | F | 7,648 | $6.61 | D | 80,865 | D | |
| Common StockF2 | Mar 10, 2017 | M | 6,077 | — | A | 86,942 | D | |
| Common Stock | Mar 10, 2017 | F | 1,859 | $6.68 | D | 85,083 | 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 | 25,000 | D | — | — | Common Stock | 25,000 | 50,000 | D |
| Common Stock OptionF3 | $6.68 | Mar 10, 2017 | A | 100,000 | A | Mar 10, 2017 | Mar 10, 2027 | Common Stock | 100,000 | 100,000 | D |
| Restricted Stock UnitF4 | — | 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.
- F2These restricted stock units vested 100% on the March 10, 2017 grant date.
- F3The 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
- F4Each 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.