SEC Form 4 · accession 0001127430-16-000151
INSMED Inc · INSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Adsett
Officer — Chief Commercial Officer
Period of report
Oct 3, 2016
Accepted (ET)
Oct 4, 2016 · 4:06 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 | $14.56 | Oct 3, 2016 | A | 88,060 | A | — | Oct 3, 2026 | Common Stock | 88,060 | 88,060 | D |
Explanation of responses
- F1In connection with the appointment of Mr. Adsett, the Company made an inducement grant of stock options to Mr. Adsett to purchase a total of 88,060 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.