SEC Form 4 · accession 0001493152-17-004629
Advaxis, Inc. · ADXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Petit
Officer — Chief Scientific Officer
Period of report
Apr 28, 2017
Accepted (ET)
May 1, 2017 · 5:31 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 | Apr 28, 2017 | A | 250 | $8.56 | A | 119,847 | D | |
| Common StockF2 | May 1, 2017 | A | 57,881 | $0.00 | A | 177,728 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting voluntarily 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). The Company utilizes the net withholding method for each monthly purchase. The reporting person purchased a gross amount of 306 shares of which 56 shares were forfeited to pay withholding taxes associated with the stock issuance.
- F2The award vests one-third on November 1, 2017, one-third on November 1, 2018, and will be fully vested on November 1, 2019.