SEC Form 4 · accession 0001203311-17-000088
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
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 7:40 pm EST
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 | Nov 10, 2017 | M | 1,723 | $11.09 | A | 688,869 | D | |
| Common StockF3,F1 | Nov 10, 2017 | S | 1,723 | $58.46 | D | 687,146 | D | |
| Common StockF1 | Nov 10, 2017 | M | 17,109 | $11.09 | A | 704,255 | D | |
| Common StockF4,F1 | Nov 10, 2017 | S | 17,109 | $57.95 | D | 687,146 | 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)F5 | $11.09 | Nov 10, 2017 | M | 1,723 | D | — | Aug 27, 2018 | Common Stock | 1,723 | 186,596 | D |
| Non-Qualified Stock Option (right to buy)F5 | $11.09 | Nov 10, 2017 | M | 17,109 | D | — | Aug 27, 2018 | Common Stock | 17,109 | 169,487 | 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 $58.35 to $58.62. 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 $57.34 to $58.34. 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.
- F5Shares vested at a rate of 25% on 8/27/09 and monthly thereafter until all the shares were fully vested on 8/27/12.