SEC Form 4 · accession 0001104659-16-101424
EPIRUS Biopharmaceuticals, Inc. · EPRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amit Munshi
Officer — Chief Executive Officer · Director
Period of report
Feb 27, 2016
Accepted (ET)
Mar 1, 2016 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001135906
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 27, 2016 | M | 1,519 | — | A | 171,501 | I | See Footnote |
| Common StockF3,F2 | Feb 27, 2016 | M | 9,887 | — | A | 181,388 | I | See Footnote |
| Common StockF5,F2 | Feb 27, 2016 | F | 4,305 | $2.80 | D | 177,083 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | — | Feb 27, 2016 | M | 1,519 | D | — | — | Common Stock | 1,519 | 0 | I |
| Restricted Stock UnitsF2,F3 | — | Feb 27, 2016 | M | 9,887 | D | — | — | Common Stock | 9,887 | 29,661 | I |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represented a contingent right to receive a share of the Issuer's common stock, vested in full on February 27, 2016, and had no expiration date.
- F2All shares are held by the Amit D Munshi Revocable Trust Dated April 12, 2011, for which the Reporting Person serves as trustee.
- F3Each RSU represents a contingent right to receive a share of the Issuer's common stock, vests in four (4) substantially equal annual installments beginning on February 27, 2016 provided the Reporting Person remains continuously employed by the Issuer through each vesting date, and has no expiration date.
- F4Represents shares of the Issuer's common stock withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portions of the RSUs as reflected in this Form 4.
- F5Represents the closing price of shares of the Issuer's common stock on the business day prior to the vesting date for such RSUs.