SEC Form 4 · accession 0001209784-16-000059
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
Dec 13, 2016
Accepted (ET)
Dec 14, 2016 · 9:07 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 | Dec 13, 2016 | M | 15,216 | $8.275 | A | 747,114 | D | |
| Common stock | Dec 13, 2016 | M | 56,250 | $8.055 | A | 803,364 | D | |
| Common stock | Dec 13, 2016 | S | 15,216 | $9.02 | D | 788,148 | D | |
| Common stock | Dec 13, 2016 | S | 56,250 | $9.08 | 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 | Dec 13, 2016 | M | 15,216 | D | — | Feb 1, 2017 | Common stock | 15,216 | 0 | D |
| Non-qualified stock optionsF3 | $8.055 | Dec 13, 2016 | M | 56,250 | D | — | Feb 1, 2018 | Common stock | 56,250 | 0 | 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.
- F3Nonqualified stock options granted on February 1, 2008 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.