SEC Form 4 · accession 0001562180-18-004209
Intersect ENT, Inc. · XENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeryl L Hilleman
Officer — Chief Financial Officer
Period of report
Oct 8, 2018
Accepted (ET)
Oct 10, 2018 · 5:39 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 StockF1 | Oct 8, 2018 | M | 8,167 | $11.12 | A | 31,599 | D | |
| Common StockF1 | Oct 8, 2018 | M | 4,666 | $13.05 | A | 36,265 | D | |
| Common StockF3,F1 | Oct 8, 2018 | S | 12,833 | $27.9945 | D | 23,432 | 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)F4 | $13.05 | Oct 8, 2018 | M | 4,666 | D | — | Jan 17, 2027 | Common Stock | 4,666 | 65,334 | D |
| Stock Option (right to buy)F5 | $11.12 | Oct 8, 2018 | M | 8,167 | D | — | Jun 10, 2024 | Common Stock | 8,167 | 0 | D |
Explanation of responses
- F1Includes 20,500 Restricted Stock Units.
- F2The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 14, 2018.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.81 to $28.24, 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.
- F4The vesting commencement date of the option is January 1, 2017. 12.5% of the shares subject to the option shall vest on July 1, 2017 and 1/48th of the shares subject to the option shall vest monthly thereafter over 42 months.
- F5The shares subject to the option vest commencing June 4, 2014. 25% of the shares subject to the option vested on June 4, 2015 and 1/48th of the shares subject to the option vests monthly thereafter over three (3) years.