SEC Form 4 · accession 0001493152-16-014442
Advaxis, Inc. · ADXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel O'Connor
Officer — Chief Executive Officer · Director
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001100397
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 31, 2016 | A | 467 | $8.09 | A | 303,127 | D | |
| Common StockF2 | Oct 31, 2016 | F | 231 | $8.09 | D | 302,896 | D | |
| Common StockF3,F4 | Nov 2, 2016 | S | 8,240 | $8.32 | D | 294,656 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person purchases restricted stock directly from the Company at market price on the last trading day of the month pursuant to an arrangement that was approved by the Compensation Committee of the Company's Board of Directors in a manner that satisfied Exchange Act Rule 16b-3(d).
- F2Represents shares forfeited by the reporting person in order to pay withholding taxes associated with the stock issuance.
- F3In connection with the vesting of 16,667 shares on October 31, 2016, a total of 8,240 of such shares were withheld by the Company in order to satisfy the reporting person's tax withholding obligations. The reporting person had no discretion with respect to such sale, which was conducted automatically in accordance with the issuer's corporate policies.
- F4Reflects the weighted average sale price. The range of prices for such transaction is $8.19 to $8.46. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.