SEC Form 4 · accession 0001559390-16-000001
BIO-PATH HOLDINGS INC · BPTH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. Garrison
Director
Period of report
Apr 5, 2016
Accepted (ET)
Apr 7, 2016 · 12:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001133818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 160,000 | D | ||
| Common Stock | holding | — | — | — | 75,000 | I | By Cosmo Capital Partners, LLC | |
| Common StockF1,F2 | holding | — | — | — | 673,333 | I | By Garrison Capital, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (right to buy)F3 | $2.75 | Apr 5, 2016 | A | 25,000 | A | — | Apr 5, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The reporting person inadvertently reported holdings of 673,334 shares in prior reports.
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for the purposes of Section 16 or for any other purpose.
- F3This option vests over a four-year period, with one-fourth (1/4) of the 25,000 shares vesting on the first anniversary of April 5, 2016 and the remaining shares vesting thereafter in equal monthly increments equal to one-forty-eighth (1/48) of the 25,000 shares, based on continuing service to Bio-Path Holdings, Inc.