SEC Form 4 · accession 0001127430-15-000056
INSMED Inc · INSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Quigley
Officer — Vice President, Quality
Period of report
May 12, 2015
Accepted (ET)
May 13, 2015 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001104506
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 12, 2015 | M | 12,656 | $15.61 | A | 12,656 | D | |
| Common Stock | May 12, 2015 | S | 12,656 | $22.07 | D | 0 | D | |
| Common Stock | May 12, 2015 | M | 6,094 | $15.61 | A | 6,094 | D | |
| Common Stock | May 12, 2015 | S | 6,094 | $22.07 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $15.61 | May 12, 2015 | M | 12,656 | D | — | Sep 30, 2023 | Common Stock | 12,656 | 37,344 | D |
| Stock Option (right to buy)F1 | $15.61 | May 12, 2015 | M | 6,094 | D | — | Sep 30, 2023 | Common Stock | 6,094 | 31,250 | D |
Explanation of responses
- F1Stock options granted under the Company's 2013 Incentive Plan. The options become exercisable based on the following vesting schedule: twenty-five percent (25%) on the first anniversary of the grant date and an additional twelve and one-half percent (12.5%) vest on the six month anniversary of the first anniversary date and each six month anniversary date thereafter through the fourth anniversary of the date of grant.