SEC Form 4 · accession 0001562180-15-000273
Intersect ENT, Inc. · XENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amy Wolbeck
Officer — V.P. Regulatory Affairs & Qlty
Period of report
Apr 13, 2015
Accepted (ET)
Apr 15, 2015 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001271214
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 13, 2015 | M | 7,500 | $0.72 | A | 7,500 | D | |
| Common Stock | Apr 13, 2015 | M | 4,401 | $1.00 | A | 11,901 | D | |
| Common Stock | Apr 13, 2015 | M | 4,099 | $0.72 | A | 16,000 | D | |
| Common StockF2 | Apr 13, 2015 | S | 16,000 | $26.245 | D | 0 | D |
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)F3 | $1.00 | Apr 13, 2015 | M | 4,401 | D | — | Feb 2, 2019 | Common Stock | 4,401 | 0 | D |
| Stock Option (right to buy)F4 | $0.72 | Apr 13, 2015 | M | 7,500 | D | — | Aug 2, 2020 | Common Stock | 7,500 | 0 | D |
| Stock Option (right to buy)F5 | $0.72 | Apr 13, 2015 | M | 4,099 | D | — | Jan 31, 2021 | Common Stock | 4,099 | 18,401 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2014.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.56 to $26.86, inclusive. The Reporting Person undertakes to provide, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3The shares subject to this option are immediately exercisable. 25% of the shares subject to the option vested on January 5, 2010 and 1/48th of the shares subject to the option vests monthly thereafter over three (3) years.
- F4The shares subject to the option are fully vested on August 3, 2010 grant date.
- F5The shares subject to the option are immediately exercisable. 1/48th of the shares subject to the option vest monthly over 48 months beginning March 1, 2011.