SEC Form 4 · accession 0001209784-17-000020
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
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 4:39 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 9, 2017 | M | 90,990 | $2.805 | A | 859,048 | D | |
| Common stock | Feb 9, 2017 | M | 102,365 | $5.19 | A | 961,413 | D | |
| Common stock | Feb 9, 2017 | S | 90,990 | $10.1449 | D | 870,423 | D | |
| Common stock | Feb 9, 2017 | S | 102,365 | $10.269 | D | 768,058 | 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 optionF1 | $2.805 | Feb 9, 2017 | M | 90,990 | D | — | Jan 23, 2019 | Common stock | 90,990 | 0 | D |
| Nonqualified stock optionF2 | $5.19 | Feb 9, 2017 | M | 102,365 | D | — | Jan 25, 2020 | Common stock | 102,365 | 0 | D |
Explanation of responses
- F1Nonqualified stock options granted on January 23, 2009 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.
- F2Nonqualified stock options granted on January 25, 2010 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.
- F3Sale pursuant to a predetermined sales plan, entered into on August 22, 2016, under Rule 10b5-1 of the Securities and Exchange Act of 1934.