SEC Form 4 · accession 0001179110-16-030033
PTC THERAPEUTICS, INC. · PTCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Schmertzler
Director
Period of report
Sep 23, 2016
Accepted (ET)
Sep 26, 2016 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001070081
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 23, 2016 | M | 60,000 | $10.85 | A | 86,766 | D | |
| Common StockF2 | holding | — | — | — | 1,320,369 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $10.85 | Sep 23, 2016 | M | 60,000 | D | — | May 15, 2023 | Common Stock | 60,000 | 0 | D |
| Stock Option (Right to Buy)F4 | $30.86 | holding | — | — | — | — | Jan 3, 2026 | Common Stock | 24,000 | 24,000 | D |
| Stock Option (Right to Buy) | $51.00 | holding | — | — | — | Jan 2, 2016 | Jan 1, 2025 | Common Stock | 24,000 | 24,000 | D |
| Stock Option (Right to Buy) | $27.05 | holding | — | — | — | Jan 28, 2015 | Jan 27, 2024 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (Right to Buy)F3 | $218.40 | holding | — | — | — | — | Jan 10, 2022 | Common Stock | 276 | 276 | D |
| Stock Option (Right to Buy)F3 | $490.80 | holding | — | — | — | — | Apr 27, 2021 | Common Stock | 276 | 276 | D |
| Stock Option (Right to Buy)F3 | $1,149.60 | holding | — | — | — | — | Feb 2, 2020 | Common Stock | 216 | 216 | D |
| Stock Option (Right to Buy)F3 | $508.80 | holding | — | — | — | — | Oct 7, 2019 | Common Stock | 266 | 266 | D |
| Stock Option (Right to Buy)F3 | $735.60 | holding | — | — | — | — | Jan 25, 2018 | Common Stock | 166 | 166 | D |
| Stock Option (Right to Buy)F3 | $735.60 | holding | — | — | — | — | Jul 14, 2018 | Common Stock | 83 | 83 | D |
| Stock Option (Right to Buy)F3 | $626.40 | holding | — | — | — | — | Apr 18, 2017 | Common Stock | 125 | 125 | D |
Explanation of responses
- F1Represents 86,766 shares of common stock of the Issuer ("common stock") directly held by the reporting person.
- F2Represents shares of common stock held by Section Six Partners, L.P. The reporting person is a general and limited partner of, and trustee of certain family trusts holding interests in, Section Six Partners, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Section Six Partners, L.P. except to the extent of his pecuniary interest therein.
- F3Currently exercisable.
- F4This option was awarded on January 4, 2016 and vests over one year in twelve equal monthly installments, commencing February 4, 2016.