SEC Form 4 · accession 0001179110-15-007438
INOVIO PHARMACEUTICALS, INC. · INO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jong Joseph Kim
Officer — Chief Executive Officer · Director
Period of report
May 8, 2015
Accepted (ET)
May 8, 2015 · 6:03 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 Stock | holding | — | — | — | 1,750,000 | I | By Family Limited Partnership | |
| Common Stock | holding | — | — | — | 1,491,453 | D | ||
| Common Stock | holding | — | — | — | 5,975 | I | By Spouse | |
| Common Stock | holding | — | — | — | 33,775 | I | By Son: JK1 | |
| Common Stock | holding | — | — | — | 33,563 | I | By Daughter: EK | |
| Common Stock | holding | — | — | — | 33,533 | I | By Son: JK2 |
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 | — | May 8, 2015 | A | 70,000 | A | — | — | Common Stock | 70,000 | 70,000 | D |
| Common Stock OptionsF2 | $8.01 | May 8, 2015 | A | 40,000 | A | May 8, 2015 | May 8, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock. The vesting schedule for the 70,000 restricted stock units is as follows: 23,334 shares will vest on May 8, 2016; 23,333 shares will vest on May 8, 2017; 23,333 shares will vest on May 8, 2018. Vested units of restricted stock can be settled in shares of common stock, cash or a combination of both.
- F2The vesting schedule for the 40,000 stock options is as follows: 10,000 shares vested on May 8, 2015; 10,000 shares will vest on May 8, 2016; 10,000 shares will vest on May 8, 2017; 10,000 shares will vest on May8, 2018.