SEC Form 4 · accession 0001209784-15-000008
ORASURE TECHNOLOGIES INC · OSUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack E Jerrett
Officer — SVP & General Counsel
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001116463
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | Feb 3, 2015 | F | 1,860 | $9.305 | D | 49,235 | D | |
| Common stockF2 | Feb 3, 2015 | A | 12,690 | — | A | 61,925 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified stock optionF3 | $9.305 | Feb 3, 2015 | A | 36,401 | A | — | Feb 3, 2025 | Common stock | 36,401 | 36,401 | D |
Explanation of responses
- F1Withholding of shares to pay the tax liability associated with vesting of restricted shares.
- F2Grant of restricted shares under the OraSure Technologies, Inc. Stock Award Plan, with one-third of the grant vesting on February 3, 2016, February 3, 2017, and February 3, 2018. Vesting shall cease upon voluntary termination of employment.
- F3Grant of nonqualified stock options, vesting and exercisable over a four year period, with one-fourth of the options vesting on the first anniversary date of the grant and the remainder vesting ratably on a monthly basis, over the remaining 36 months. Vesting shall cease upon voluntary termination of employment.