SEC Form 4 · accession 0001179110-15-000990
HOSPIRA INC · HSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Werner
Officer — SVP, Finance & CFO
Period of report
Jan 15, 2015
Accepted (ET)
Jan 16, 2015 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001274057
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2015 | M | 10,000 | $43.18 | A | 64,614 | D | |
| Common StockF3 | Jan 15, 2015 | S | 10,000 | $61.559 | D | 54,614 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $43.18 | Jan 15, 2015 | M | 10,000 | D | — | Mar 5, 2015 | Common Stock | 10,000 | 1,566 | D |
Explanation of responses
- F1Exercise of derivative security exempted pursuant to Rule 16b-3.
- F2The stock options vest in three equal annual installments on March 6, 2009, 2010, and 2011. The exercise price of $43.18 is the average of the high and low trading prices of Hospira common stock on the date of grant. The stock options have a seven-year term, which expire on March 5, 2015.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.29 to $61.97, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of prices set forth in this footnote.
Remarks
Traded pursuant to a 10b5-1 plan.