SEC Form 4 · accession 0001104659-18-074355
ENDOCYTE INC · ECYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine Parker
Officer — VP of Human Resources
Period of report
Dec 21, 2018
Accepted (ET)
Dec 21, 2018 · 12:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001235007
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 18, 2018 | G | 8,229 | $0.00 | D | 62,797 | D | |
| Common StockF3 | Dec 21, 2018 | D | 22,797 | $24.00 | D | 0 | D | |
| Common StockF4 | Dec 21, 2018 | D | 3,125 | $24.00 | D | 0 | D | |
| Common StockF5 | Dec 21, 2018 | D | 9,375 | $24.00 | D | 0 | D | |
| Common StockF6 | Dec 21, 2018 | D | 15,000 | $24.00 | D | 0 | D | |
| Common StockF7 | Dec 21, 2018 | D | 12,500 | $24.00 | D | 0 | D | |
| Common StockF3 | Dec 21, 2018 | D | 1,200 | $24.00 | D | 0 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F8 | $11.47 | Dec 21, 2018 | D | 19,000 | D | — | Jan 5, 2024 | Common Stock | 19,000 | 0 | D |
| Stock Option (right to buy)F8 | $5.10 | Dec 21, 2018 | D | 60,000 | D | — | Feb 4, 2025 | Common Stock | 60,000 | 0 | D |
| Stock Option (right to buy)F9 | $3.18 | Dec 21, 2018 | D | 37,500 | D | — | Feb 4, 2026 | Common Stock | 37,500 | 0 | D |
| Stock Option (right to buy)F10 | $2.16 | Dec 21, 2018 | D | 25,000 | D | — | Feb 2, 2027 | Common Stock | 25,000 | 0 | D |
| Stock Option (right to buy)F11 | $3.01 | Dec 21, 2018 | D | 25,000 | D | — | Feb 8, 2028 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Represents a gift of 8,229 shares to a donor advised fund.
- F10This Company stock option was scheduled to vest 1/4 annually over a period of 4 years beginning on February 2, 2018. Pursuant to the Merger Agreement, at the Effective Time, each Company stock option that was outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to the excess of $24.00 over the exercise price with respect to such stock option, multiplied by the number of shares of Company common stock subject to such stock option, less any applicable withholding taxes.
- F11This Company stock option was scheduled to vest 1/4 annually over a period of 4 years beginning on February 8, 2019. Pursuant to the Merger Agreement, at the Effective Time, each Company stock option that was outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to the excess of $24.00 over the exercise price with respect to such stock option, multiplied by the number of shares of Company common stock subject to such stock option, less any applicable withholding taxes.
- F2Includes 157 shares acquired under the Endocyte, Inc. 2010 Employee Stock Purchase Plan on December 14, 2018.
- F3Pursuant to the Agreement and Plan of Merger, dated as of October 17, 2018 (the "Merger Agreement"), by and among Endocyte, Inc. (the "Company"), Novartis AG ("Novartis") and Edinburgh Merger Corporation, a wholly owned subsidiary of Novartis ("Merger Sub"), at the effective time (the "Effective Time") of the merger of Merger Sub with and into the Company, which Effective Time occurred on December 21, 2018, each share of Company common stock was converted into the right to receive an amount in cash equal to $24.00, without interest and less any applicable withholding taxes.
- F4This restricted stock unit ("RSU") award, which originally consisted of 6,250 RSUs and of which 3,125 RSUs had vested and been settled as of immediately prior to the Effective Time, provided for vesting and settlement 1/4 annually over a period of 4 years beginning on February 4, 2017 in the form of one share of Company common stock for each RSU. Pursuant to the Merger Agreement, at the Effective Time, each RSU outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to $24.00, multiplied by the number of shares of Company common stock subject to such RSU, less any applicable withholding taxes.
- F5This RSU award, which originally consisted of 12,500 RSUs and of which 3,125 RSUs had vested and been settled as of immediately prior to the Effective Time, provided for vesting and settlement 1/4 annually over a period of 4 years beginning on February 2, 2018 in the form of one share of Company common stock for each RSU. Pursuant to the Merger Agreement, at the Effective Time, each RSU outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to $24.00, multiplied by the number of shares of Company common stock subject to such RSU, less any applicable withholding taxes.
- F6This RSU award, which originally consisted of 30,000 RSUs and of which 15,000 RSUs had vested and been settled as of immediately prior to the Effective Time, provided for vesting and settlement 1/2 annually over a period of 2 years beginning on October 4, 2018 in the form of one share of Company common stock for each RSU. Pursuant to the Merger Agreement, at the Effective Time, each RSU outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to $24.00, multiplied by the number of shares of Company common stock subject to such RSU, less any applicable withholding taxes.
- F7This RSU award provided for vesting and settlement 1/4 annually over a period of 4 years beginning on February 8, 2019 in the form of one share of Company common stock for each RSU. Pursuant to the Merger Agreement, at the Effective Time, each RSU outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to $24.00, multiplied by the number of shares of Company common stock subject to such RSU, less any applicable withholding taxes.
- F8This Company stock option was fully vested immediately prior to the Effective Time. Pursuant to the Merger Agreement, at the Effective Time, each Company stock option that was outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to the excess of $24.00 over the exercise price with respect to such stock option, multiplied by the number of shares of Company common stock subject to such stock option, less any applicable withholding taxes.
- F9This Company stock option was scheduled to vest 1/4 annually over a period of 4 years beginning on February 4, 2017. Pursuant to the Merger Agreement, at the Effective Time, each Company stock option that was outstanding immediately prior to the Effective Time was canceled and converted into the right to receive an amount in cash, without interest, equal to the excess of $24.00 over the exercise price with respect to such stock option, multiplied by the number of shares of Company common stock subject to such stock option, less any applicable withholding taxes.