SEC Form 4 · accession 0001203311-18-000051
SEATTLE GENETICS INC /WA · SGEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren S Cline
Officer — EVP, Commercial
Period of report
Jun 12, 2018
Accepted (ET)
Jun 14, 2018 · 6:31 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 Stock | Jun 12, 2018 | M | 892 | $16.41 | A | 72,723 | D | |
| Common Stock | Jun 12, 2018 | S | 892 | $69.00 | D | 71,831 | D | |
| Common Stock | Jun 12, 2018 | M | 268 | $15.46 | A | 72,099 | D | |
| Common Stock | Jun 12, 2018 | S | 268 | $69.00 | D | 71,831 | D | |
| Common Stock | Jun 12, 2018 | M | 926 | $26.10 | A | 72,757 | D | |
| Common Stock | Jun 12, 2018 | S | 926 | $69.00 | D | 71,831 | D | |
| Common Stock | Jun 12, 2018 | M | 8,000 | $31.37 | A | 79,831 | D | |
| Common Stock | Jun 12, 2018 | S | 8,000 | $69.00 | D | 71,831 | D | |
| Common Stock | Jun 12, 2018 | S | 718 | $68.90 | D | 71,113 | D | |
| Common Stock | Jun 12, 2018 | S | 1,250 | $69.027 | D | 69,863 | 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)F1 | $15.46 | Jun 12, 2018 | M | 268 | D | — | Aug 24, 2021 | Common Stock | 268 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $16.41 | Jun 12, 2018 | M | 892 | D | — | Oct 29, 2020 | Common Stock | 892 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $26.10 | Jun 12, 2018 | M | 926 | D | — | Aug 20, 2022 | Common Stock | 926 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $31.37 | Jun 12, 2018 | M | 8,000 | D | — | Feb 3, 2025 | Common Stock | 8,000 | 1,583 | D |
Explanation of responses
- F1Shares vested at a rate of 25% on 8/24/12 and monthly thereafter until all the shares were fully vested on 8/24/15.
- F2Shares vested at a rate of 25% on 10/29/11 and monthly thereafter until all the shares were fully vested on 10/29/14.
- F3Shares vested at a rate of 25% on 8/20/13 and monthly thereafter until all shares were fully vested on 8/20/16.
- F4Shares shall vest at a rate of 25% on 2/03/2016 and monthly thereafter until all the shares are fully vested on 2/03/2019.