SEC Form 4 · accession 0001209784-16-000057
ORASURE TECHNOLOGIES INC · OSUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas A Michels
Officer — President & CEO · Director
Period of report
Nov 23, 2016
Accepted (ET)
Nov 28, 2016 · 7:29 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 | Nov 23, 2016 | S | 25,000 | $9.02 | D | 731,898 | D | |
| Common stock | Nov 23, 2016 | M | 5,751 | $8.275 | A | 737,649 | D | |
| Common stock | Nov 23, 2016 | M | 142 | $8.275 | A | 737,791 | D | |
| Common stock | Nov 23, 2016 | S | 5,751 | $9.03 | D | 732,040 | D | |
| Common stock | Nov 23, 2016 | S | 142 | $9.01 | D | 731,898 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified stock optionsF2 | $8.275 | Nov 23, 2016 | M | 5,893 | D | — | Feb 1, 2017 | Common stock | 5,893 | 39,107 | D |
Explanation of responses
- F1Sale pursuant to a predetermined sales plan, entered into on August 22, 2016, under Rule 10b5-1 of the Securities and Exchange Act of 1934.
- F2Nonqualified stock options granted on February 1, 2007 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.