SEC Form 4 · accession 0001127430-16-000155
INSMED Inc · INSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Orlov S Nicole Schaeffer
Officer — SVP, HR & Corp. Svcs.
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 4:31 pm EST
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 | Nov 7, 2016 | M | 37,500 | $6.96 | A | 37,500 | D | |
| Common StockF1 | Nov 7, 2016 | S | 37,500 | $11.78 | D | 0 | D | |
| Common Stock | Nov 7, 2016 | M | 23,265 | $6.96 | A | 23,265 | D | |
| Common StockF1 | Nov 7, 2016 | S | 23,265 | $11.78 | D | 0 | D | |
| Common Stock | Nov 9, 2016 | M | 8,009 | $6.96 | A | 8,009 | D | |
| Common Stock | Nov 9, 2016 | S | 8,009 | $13.25 | 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 OptionF2 | $6.96 | Nov 7, 2016 | M | 37,500 | D | — | Jan 2, 2023 | Common Stock | 37,500 | 16,226 | D |
| Stock OptionF2 | $6.96 | Nov 7, 2016 | M | 23,265 | D | — | Jan 2, 2023 | Common Stock | 23,265 | 8,009 | D |
| Stock OptionF2 | $6.96 | Nov 9, 2016 | M | 8,009 | D | — | Jan 2, 2023 | Common Stock | 8,009 | 0 | D |
Explanation of responses
- F1The price in column 4 is a weighted average price. The prices in these transactions range from $11.75 to $11.91.
- F2Stock options granted under the Company's 2000 Stock 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 each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.