SEC Form 4 · accession 0001127430-15-000051
INSMED Inc · INSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene Jeffrey Sullivan
Officer — Chief Medical Officer
Period of report
Mar 26, 2015
Accepted (ET)
Mar 27, 2015 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001104506
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $19.47 | Mar 26, 2015 | A | 100,000 | A | — | Mar 26, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1In connection with the appointment of Dr. Sullivan, the Company made an inducement grant of stock options to Dr. Sullivan to purchase a total of 100,000 shares of the Company's common stock. The options become exercisable based on the following vesting schedule: twenty-five percent (25%) on the first anniversary of the date of grant and an additional twelve and one-half percent (12.5%) vest on the six month anniversary of the first anniversary of the date of grant and each six month anniversary date thereafter through the fourth anniversary of the date of grant.