SEC Form 4 · accession 0001493152-17-000063
Advaxis, Inc. · ADXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara Bonstein
Officer — Chief Financial Officer
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 5:28 pm EST
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 | Dec 30, 2016 | A | 50,000 | $0.00 | A | 131,963 | D | |
| Common StockF2,F3 | Dec 30, 2016 | S | 5,520 | $7.37 | D | 126,443 | D | |
| Common StockF4 | Dec 30, 2016 | A | 427 | $7.16 | A | 126,870 | D | |
| Common StockF5 | Dec 30, 2016 | F | 189 | $7.16 | D | 126,681 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a promotional award granted to the reporting person by the Compensation Committee of the Company's Board of Directors. The awards vests one-fourth immediately, one-fourth on December 30, 2017, one-fourth on December 30, 2018, and will be fully vested on December 30, 2019.
- F2In connection with the vesting of 12,500 shares on December 30, 2016, a total of 5,520 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.
- F3Reflects the weighted average sale price. The range of prices for such transaction is $7.36 to $7.38. 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.
- F4The 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).
- F5Represents shares forfeited by the reporting person in order to pay withholding taxes associated with the stock issuance.