SEC Form 4 · accession 0001209191-18-011471
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. · PACB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Michael Phillips
Officer — SVP, Research & Development
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 5:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001299130
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2018 | A | 15,000 | $0.00 | A | 209,166 | 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)F2 | $2.57 | Feb 15, 2018 | A | 70,000 | A | Mar 15, 2018 | Feb 15, 2028 | Common Stock | 70,000 | 70,000 | D |
Explanation of responses
- F1Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal annual installments over the next four years, provided that the Reporting Person continues to serve through each vesting date.
- F2The shares subject to the option will vest in equal monthly installments over the next four years, provided that the Reporting Person continues to serve through each vesting date.