SEC Form 4 · accession 0001209784-17-000052
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
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 7:49 pm EDT
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 | Jun 27, 2017 | M | 125,954 | $11.295 | A | 894,012 | D | |
| Common stock | Jun 27, 2017 | M | 75,000 | $11.295 | A | 969,012 | D | |
| Common stock | Jun 27, 2017 | M | 89,541 | $9.305 | A | 1,058,553 | D | |
| Common stock | Jun 27, 2017 | S | 125,954 | $17.133 | D | 932,599 | D | |
| Common stock | Jun 27, 2017 | S | 75,000 | $16.673 | D | 857,599 | D | |
| Common stock | Jun 27, 2017 | S | 89,541 | $16.281 | 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 optionsF2 | $11.295 | Jun 27, 2017 | M | 125,954 | D | — | Feb 1, 2022 | Common stock | 125,954 | 0 | D |
| Nonqualified stock optionsF2 | $11.295 | Jun 27, 2017 | M | 75,000 | D | — | Feb 1, 2022 | Common stock | 75,000 | 0 | D |
| Nonqualified stock optionsF3 | $9.305 | Jun 27, 2017 | M | 89,541 | D | — | Feb 3, 2025 | Common stock | 89,541 | 82,378 | D |
Explanation of responses
- F1Sale pursuant to a predetermined sales plan, entered into on May 24, 2017, under Rule 10b5-1 of the Securities and Exchange Act of 1934.
- F2Nonqualified stock options granted on February 1, 2012 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 3, 2015 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.