SEC Form 4 · accession 0001203311-17-000056
SEATTLE GENETICS INC /WA · SGEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan G Drachman
Officer — CMO & EVP, R & D
Period of report
Aug 24, 2017
Accepted (ET)
Aug 25, 2017 · 7:52 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 StockF2 | Aug 24, 2017 | M | 10,000 | $10.29 | A | 152,204 | D | |
| Common StockF3,F2 | Aug 24, 2017 | S | 10,000 | $47.5414 | D | 142,204 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F4 | $10.29 | Aug 24, 2017 | M | 10,000 | D | — | Aug 28, 2017 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
- F3Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $47.29 to $47.88. 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.
- F4Shares vested at a rate of 25% on 8/28/2007 and monthly thereafter until all the shares were fully vested on 8/28/2011.