SEC Form 4 · accession 0001555667-16-000059
TerraVia Holdings, Inc. · TVIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tyler Painter
Officer — Chief Financial Officer
Period of report
Mar 8, 2016
Accepted (ET)
Mar 9, 2016 · 8:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311230
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Mar 8, 2016 | S | 1,562 | $1.6638 | D | 367,523 | D | |
| Common StockF4 | Mar 8, 2016 | A | 50,000 | $0.00 | A | 417,523 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $1.66 | Mar 8, 2016 | A | 275,000 | A | — | Mar 7, 2026 | Common Stock | 275,000 | 275,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was designed to cover tax withholding obligations in connection with the concurrent vesting of restricted stock units.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.63 to $1.69, inclusive. The reporting person undertakes to provide to Solazyme, Inc., any security holder of Solazyme, Inc., 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 ranges set forth in this footnote.
- F3Includes 2,500 shares acquired under the Solazyme Employee Stock Purchase Plan.
- F4The grant shall vest as to 1/4 of the shares on March 9, 2017 and thereafter shall vest as to 1/8 of the shares on each of September 14, 2017, March 8, 2018, September 14, 2018, March 1, 2019, September 11, 2019 and March 11, 2020.
- F5The option shall vest as to 1/48 of the underlying shares monthly beginning February 1, 2016.