SEC Form 4 · accession 0001614476-15-000001
Intersect ENT, Inc. · XENT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert H Binney Jr.
Officer — Vice President, Sales
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 5:36 pm EST
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 | Jan 26, 2015 | M | 6,300 | $1.08 | A | 10,652 | D | |
| Common StockF2 | Jan 26, 2015 | S | 6,300 | $21.1841 | D | 4,352 | 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 | $1.08 | Jan 26, 2015 | M | 6,300 | D | — | Sep 21, 2021 | Common Stock | 6,300 | 81,200 | D |
Explanation of responses
- F1The sale in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 6, 2014.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.86 to $21.25, 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 the option are immediately exercisable. 25% of the shares subject to the option vested on July 18, 2012 and 1/48th of the shares subject to the option vests monthly thereafter over three (3) years.