SEC Form 4 · accession 0001179110-18-002589
Innoviva, Inc. · INVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric dEsparbes
Officer — Interim PEO, SVP and CFO
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001080014
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2018 | F | 24,876 | $16.44 | D | 297,188 | D | |
| Common StockF2,F3,F4 | Feb 21, 2018 | S | 5,378 | $16.5164 | D | 291,810 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants.
- F2This sale was effected for tax planning purposes pursuant to the Reporting Person's Rule 10b5-1 Trading Plan dated September 20, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.31 to $16.62, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- F4Includes 322 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on November 15, 2017.