SEC Form 4 · accession 0001140361-16-071870
Achaogen, Inc. · AKAO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tobin Schilke
Officer — Chief Financial Officer
Period of report
Jul 5, 2016
Accepted (ET)
Jul 6, 2016 · 8:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301501
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 5, 2016 | A | 27,000 | $0.00 | A | 27,000 | 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 | $4.09 | Jul 5, 2016 | A | 100,000 | A | — | Jul 5, 2026 | Common Sotck | 100,000 | 100,000 | D |
| Stock Option (Right to Buy)F3 | $4.09 | Jul 5, 2016 | A | 26,000 | A | — | Jul 5, 2026 | Common Sotck | 26,000 | 26,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Units ("RSUs"). The reporting person is entitled to one (1) share of Common Stock for each one (1) RSU upon the vesting thereof.
- F225% of the shares subject to the option vest on July 5, 2017, and the remaining shares subject to the option vest in 36 successive, equal monthly installments on each monthly anniversary thereafter, subject to the reporting person's continued employment or service relationship with the Issuer on each such vesting date.
- F3The shares subject to the option shall vest on the following schedule: (i) 40% of the shares subject to the option will vest on the 30th consecutive date that closing trading price of the Issuer's common stock first reaches or exceeds $12.00 per share; (ii) 40% of the shares subject to the option will vest the 30th consecutive date that closing trading price of the Issuer's common stock first reaches or exceeds $25.00 per share; and and (iii) 20% of the shares subject to the option will vest the 30th consecutive date that closing trading price of the Issuer's common stock first reaches or exceeds $55.00 per share, subject to the reporting person's continued employment or service relationship with the Issuer on each such vesting date and as appropriately adjusted for stock splits, stock dividends, recapitalizations and the like.