SEC Form 4 · accession 0001209191-15-047500
CURIS INC · CRIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jaye Viner
Officer — Chief Medical Officer
Period of report
May 27, 2015
Accepted (ET)
May 28, 2015 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108205
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F1 | $2.39 | May 27, 2015 | A | 80,000 | A | — | Feb 9, 2025 | Common stock | 80,000 | 80,000 | D |
Explanation of responses
- F1This option grant was approved by the Compensation Committee of the Board of Directors of Curis, Inc. on February 9, 2015, provided that such option would terminate and be forfeited if Curis' stockholders did not approve an amendment to Curis' Amended and Restated 2010 Stock Incentive Plan to increase the number of shares authorized for issuance thereunder within 12 months of the grant date; and further provided that such option would not be exercisable and no common stock would be issued thereunder, before the approval of such Stock Incentive Plan Amendment by Curis' stockholders. On May 27, 2015, at its 2015 annual meeting of stockholders, the Curis' stockholders approved the Stock Incentive Plan Amendment. The option vests and becomes exercisable as to 25% of the shares underlying the option on February 9, 2016, and as to an additional 6.25% of the shares underlying the option at the end of each subsequent quarter thereafter, based upon Dr. Viner's continued employment.