SEC Form 4 · accession 0001209191-15-001741

POZEN INC /NC · POZN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. VP, Gen. Cnsl. & Secretary

Period of report

Dec 31, 2014

Accepted (ET)

Jan 5, 2015 · 9:12 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001059790

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Dec 31, 2014	A	30,000	$0.00	A	30,000	D
Common Stock	Jan 2, 2015	M	10,179	$1.98	A	61,483	D
Common Stock	Jan 2, 2015	M	14,821	$3.77	A	76,304	D
Common Stock^F3,F4	Jan 2, 2015	S	25,000	$7.9135	D	51,304	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option^F5	$1.98	Jan 2, 2015	M	10,179	A	—	Oct 3, 2021	Common Stock	25,000	331,211	D
Stock Option^F6	$3.77	Jan 2, 2015	M	14,821	A	—	Mar 15, 2021	Common Stock	45,000	316,390	D

F1Restricted stock units granted pursuant to the POZEN Inc. 2010 Omnibus Equity Compensation Plan, which vests 25% annually over four years commencing upon the first anniversary of the date of grant, subject to continued employment or service to the Company.
F2Option exercises and open market sales pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F3The price in column 4 is a weighted average price. The prices actually received by the reporting person in this transaction range from $7.80 to $8.12.
F4The reporting person has provided to the issuer, and the issuer will provide to any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range reported.
F5Two thirds of the option vested upon achievement of certain regulatory milestones relating to the Company's PA product candidate.
F6The option vests in four equal annual installments, with the initial vesting date occurring on March 15, 2011.