SEC Form 4 · accession 0001562180-16-002128
Intersect ENT, Inc. · XENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa D Earnhardt
Officer — President and CEO · Director
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 4:34 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 15, 2016 | M | 20,000 | $1.20 | A | 581,368 | D | |
| Common StockF2 | Apr 15, 2016 | S | 20,000 | $18.3424 | D | 561,368 | D | |
| Common Stock | Apr 18, 2016 | M | 4,000 | $1.20 | A | 565,368 | D | |
| Common StockF3 | Apr 18, 2016 | S | 8,500 | $19.4988 | D | 556,868 | D | |
| Common StockF4 | holding | — | — | — | 26,182 | I | See footnote |
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)F5 | $1.20 | Apr 15, 2016 | M | 20,000 | D | — | Apr 22, 2023 | Common Stock | 20,000 | 61,375 | D |
| Stock Option (right to buy)F5 | $1.20 | Apr 18, 2016 | M | 4,000 | D | — | Apr 22, 2023 | Common Stock | 4,000 | 57,375 | 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 September 11, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.30 to $18.42, 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 this footnote to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.38 to $19.56, 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 this footnote on this Form 4.
- F4Shares in the name of Lisa Damkroger Earnhardt C/F Jack L. Earnhardt UTMA/CA Until Age 25 for the benefit of Reporting Person's son. Reporting Person disclaims beneficial ownership of these shares.
- F5The shares subject to the option vest commencing April 23, 2013 in monthly equal installments over four years.