SEC Form 4 · accession 0001225208-16-035327
PORTOLA PHARMACEUTICALS INC · PTLA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey W Bird
Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 5:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001269021
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 17, 2016 | A | 3,000 | $0.00 | A | 3,000 | D | |
| Common StockF3 | holding | — | — | — | 36,602 | I | By Ltd Partnership (NEST) | |
| Common StockF4 | holding | — | — | — | 958,491 | I | By Ltd Partnership (SHV) | |
| Common StockF5 | holding | — | — | — | 59,053 | I | By Trust (Trustees) |
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)F2,F6 | $24.19 | Jun 17, 2016 | A | 6,000 | A | — | Jun 1, 2026 | Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Units ("RSU") in consideration of services rendered. The RSUs will vest fully on March 1, 2017, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2013 Equity Incentive Plan) as of such date.
- F2The Reporting Person shares pecuniary interest in these shares with other individuals pursuant to a contractual relationship. The Reporting Person disclaims beneficial ownership in these shares except as to the Reporting Person's pecuniary interest in these shares.
- F3Shares held by a limited partnership of which the reporting person is a trustee of a trust which is the general partner. The reporting person disclaims beneficial ownership of these shares except as to the reporting person's pecuniary interest therein.
- F4Shares held by Sutter Hills Ventures, a California Limited Partnership. The reporting person is a managing director of the general partner of Sutter Hill Ventures, a California Limited Partnership. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in the partnership.
- F5Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in the trust.
- F6The Option shares shall vest as follows: 1/12th of the shares subject to such option shall vest each month after June 1, 2016, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2013 Equity Incentive Plan) as of each such date.