SEC Form 4 · accession 0001267602-16-000174
ALIMERA SCIENCES INC · ALIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Holland
Officer — SVP of Sales and Marketing
Period of report
Oct 11, 2016
Accepted (ET)
Oct 13, 2016 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001267602
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 11, 2016 | M | 27,971 | $1.33 | A | 134,389 | D | |
| Common Stock | Oct 11, 2016 | F | 24,801 | $1.50 | D | 109,588 | 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)F2 | $1.33 | Oct 11, 2016 | M | 27,971 | D | — | Oct 12, 2016 | Common Stock | 27,971 | 0 | D |
Explanation of responses
- F1Mr. Holland irrevocably agreed to exercise these options through the "net exercise" method on September 2, 2016. Mr. Holland received 3,170 shares of common stock on a net exercise to purchase 27,971 shares of common stock. Mr. Holland forfeited 24,801 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on October 11, 2016 of $1.50.
- F2Became exercisable with respect to one-quarter (1/4) of the shares of stock which are subject to this option on November 22, 2007 (the "Initial Vesting Date") and with respect to the remainder of the shares in equal increments quarterly over three (3) years beginning on the date three (3) months from the Initial Vesting Date.