SEC Form 4 · accession 0000899243-17-029690
OMEROS CORP · OMER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory A Demopulos M.D.
Officer — Chairman, CEO & President · Director
Period of report
Dec 28, 2017
Accepted (ET)
Dec 28, 2017 · 6:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001285819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 28, 2017 | M | 102,040 | $2.45 | A | 1,987,025 | D | |
| Common Stock | Dec 28, 2017 | M | 39,961 | $4.10 | A | 2,026,986 | 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)F1 | $2.45 | Dec 28, 2017 | M | 102,040 | D | — | Dec 29, 2017 | Common Stock | 102,040 | 0 | D |
| Stock Option (Right to Buy)F2 | $4.10 | Dec 28, 2017 | M | 39,961 | D | — | Jan 8, 2022 | Common Stock | 39,961 | 220,039 | D |
Explanation of responses
- F1On December 28, 2017, the reporting person paid the exercise price and exercised expiring non-qualified stock options to purchase 102,040 shares of the company's common stock. These shares have not been sold and are held for the account of the reporting person. One-fourth of the shares subject to this option vested on December 30, 2008, which was the first anniversary of the grant date, and the remainder became exercisable in equal monthly installments over the following 48 months. In addition to paying the exercise price of the expiring non-qualified stock options, the reporting person is concurrently paying ordinary income taxes incurred as a result of the exercise of these options.
- F2On December 28, 2017, the reporting person paid the exercise price and exercised incentive stock options to purchase 39,961 shares of the company's common stock. These shares have not been sold and are held for the account of the reporting person. This option vested and became exercisable in 48 equal monthly installments. The first installment became exercisable on April 1, 2011 and subsequent installments became exercisable on each monthly anniversary thereafter.