SEC Form 4 · accession 0001203311-16-000155
SEATTLE GENETICS INC /WA · SGEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clay B Siegall
Officer — President and CEO · Director
Period of report
Sep 6, 2016
Accepted (ET)
Sep 8, 2016 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060736
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 6, 2016 | M | 10,331 | $10.20 | A | 615,065 | D | |
| Common StockF1 | Sep 6, 2016 | M | 1,973 | $10.29 | A | 617,038 | D | |
| Common StockF1 | Sep 6, 2016 | M | 4,042 | $10.20 | A | 621,080 | D | |
| Common StockF3,F1 | Sep 6, 2016 | S | 4,042 | $44.8392 | D | 617,038 | D | |
| Common StockF1 | Sep 6, 2016 | M | 2,200 | $4.45 | A | 619,238 | D | |
| Common StockF4,F1 | Sep 6, 2016 | S | 2,200 | $45.1523 | D | 617,038 | D | |
| Common StockF1 | Sep 6, 2016 | M | 5,411 | $4.45 | A | 622,449 | D | |
| Common StockF5,F1 | Sep 6, 2016 | S | 5,411 | $45.9124 | D | 617,038 | D | |
| Common Stock | holding | — | — | — | 27,945 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F6 | $10.20 | Sep 6, 2016 | M | 10,331 | D | — | May 25, 2017 | Common Stock | 10,331 | 0 | D |
| Incentive Stock Option (right to buy)F7 | $10.29 | Sep 6, 2016 | M | 1,973 | D | — | Aug 28, 2017 | Common Stock | 1,973 | 0 | D |
| Non-Qualified Stock Option (right to buy)F8 | $4.45 | Sep 6, 2016 | M | 2,200 | D | — | Sep 5, 2016 | Common Stock | 2,200 | 5,411 | D |
| Non-Qualified Stock Option (right to buy)F8 | $4.45 | Sep 6, 2016 | M | 5,411 | D | — | Sep 5, 2016 | Common Stock | 5,411 | 0 | D |
| Non-Qualified Stock Option (right to buy)F6 | $10.20 | Sep 6, 2016 | M | 4,042 | D | — | May 25, 2017 | Common Stock | 4,042 | 31,533 | D |
Explanation of responses
- F1Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F3Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $44.45 to $45.03. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
- F4Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $45.04 to $45.27. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
- F5Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $45.29 to $46.27. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
- F6Shares vested at a rate of 25% on 5/25/08 and monthly thereafter until all the shares were fully vested on 5/25/11.
- F7Shares vested at a rate of 25% on 8/28/08 and monthly thereafter until all the shares were fully vested on 8/28/11.
- F8Shares vested at a rate of 25% on 9/06/07 and monthly thereafter until all the shares were fully vested on 9/06/10.