SEC Form 4 · accession 0001209191-15-039705
Tobira Therapeutics, Inc. · TBRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Peetz
Officer — Chief Financial Officer
Period of report
May 4, 2015
Accepted (ET)
May 6, 2015 · 9:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311596
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $4.81 | May 6, 2015 | A | 68,732 | A | — | Apr 27, 2024 | Common Stock | 68,732 | 68,732 | D |
| Stock OptionsF1,F3 | $4.81 | May 6, 2015 | A | 31,091 | A | — | Apr 27, 2024 | Common Stock | 31,091 | 99,823 | D |
Explanation of responses
- F1Reporting Person received such stock option in exchange for a stock option to purchase Tobira Therapeutics, Inc. ("Tobira") common stock in connection with the merger of Tobira into Issuer(the "Merger"). Pursuant to the terms of the Merger agreement each Tobira stock option assumed will be determined by multiplying the number of options by the exchange ratio of 1.43 and rounding down to the nearest whole number.
- F217,589 shares are vested and exercisable at any time. The remaining shares will vest and become exercisable accordingly: 405 shares on the 24th of each following month from May 24, 2015 through December 24, 2015; 1,735 shares on the 24th of each following month from January 24, 2016 through December 24, 2017; 2,080 shares on each of January 24, 2018, February 24, 2018, and March 24, 2018, subject to the terms of the Issuer's 2010 Stock Plan
- F39,447 shares are vested and exercisable at any time. The remaining shares will vest and become exercisable accordingly: 1,674 shares on the 24th of each following month through June 24, 2015; 1,673 shares on the 24th of each month from January 24, 2016 through December 24, 2015; 343 shares on the 24th of each following month from January 24, 2016 through December 24, 2017, subject to the terms of the Issuer's 2010 Stock Plan.