SEC Form 4 · accession 0001127602-16-044363
LEXICON PHARMACEUTICALS, INC. · LXRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Tessmer
Officer — VP, Finance & Accounting
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 8:43 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001062822
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 29, 2016 | M | 965 | — | A | 12,709 | D | |
| Common StockF1 | Feb 29, 2016 | M | 857 | — | A | 13,566 | D | |
| Common StockF1 | Feb 29, 2016 | M | 1,339 | — | A | 14,905 | D | |
| Common StockF1 | Feb 29, 2016 | M | 2,667 | — | A | 17,572 | D | |
| Common Stock | Feb 29, 2016 | F | 1,626 | $9.07 | D | 15,946 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Phantom Stock)F1,F3 | — | Feb 29, 2016 | M | 965 | D | — | — | Common Stock | 965 | 0 | D |
| Restricted Stock Units (Phantom Stock)F1,F4 | — | Feb 29, 2016 | M | 857 | D | — | — | Common Stock | 857 | 857 | D |
| Restricted Stock Units (Phantom Stock)F1,F5 | — | Feb 29, 2016 | M | 1,339 | D | — | — | Common Stock | 1,339 | 2,679 | D |
| Restricted Stock Units (Phantom Stock)F1,F6 | — | Feb 29, 2016 | M | 2,667 | D | — | — | Common Stock | 2,667 | 8,004 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2Withholding of a portion of issued shares by the Company in satisfaction of shareholder's tax withholding obligations with respect thereto.
- F3Restricted stock units vest with respect to 25% of the shares subject to the restricted stock units on February 28, 2013 and vest an additional 25% on February 28 of each of the three succeeding years thereafter.
- F4Restricted stock units vest with respect to 25% of the shares subject to the restricted stock units on February 28, 2014 and vest an additional 25% on February 28 of each of the three succeeding years thereafter.
- F5Restricted stock units vest with respect to 25% of the shares subject to the restricted stock units on February 28, 2015 and vest an additional 25% on February 28 of each of the three succeeding years thereafter.
- F6Restricted stock units vest with respect to 25% of the shares subject to the restricted stock units on February 28, 2016 and vest an additional 25% on February 28 of each of the three succeeding years thereafter.