SEC Form 4 · accession 0000899243-18-004480
Savara Inc · SVRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Lowrance
Officer — Chief Financial Officer
Period of report
Jan 2, 2018
Accepted (ET)
Feb 20, 2018 · 6:07 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001160308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2018 | M | 31,894 | $1.51 | A | 33,994 | D | |
| Common Stock | Jan 2, 2018 | F | 3,239 | $15.06 | D | 30,755 | D | |
| Common StockF1,F2 | Feb 15, 2018 | S | 4,936 | $12.6999 | D | 25,819 | D | |
| Common StockF1,F3 | Feb 15, 2018 | S | 2,064 | $13.2959 | D | 23,755 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $1.51 | Jan 2, 2018 | M | 31,894 | D | — | Oct 25, 2026 | Common Stock | 31,894 | 95,684 | D |
Explanation of responses
- F1The sales reported on this Form 4 for February 15, 2018 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 29, 2017.
- F2The price reported is a weighted average sale price. The sale prices ranged from $12.31 to $12.96.
- F3The price reported is a weighted average sale price. The sale prices ranged from $13.00 to $13.71. The reporting person undertakes to provide Savara Inc., any security holder of Savara Inc., or the staff of the Securities and Exchange Commission, upon receipt of a request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F4The shares subject to the option vest and become exercisable in sixteen equal quarterly installments beginning on February 1, 2017.