SEC Form 4 · accession 0001321732-17-000051
Penumbra Inc · PEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Donen Davis
Officer — President, North America
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 7:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001321732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Feb 7, 2017 | S | 1,000 | $68.90 | D | 44,241 | D | |
| Common StockF4,F3 | Feb 7, 2017 | S | 300 | $69.58 | D | 43,941 | D | |
| Common StockF3 | Feb 8, 2017 | M | 3,624 | $12.36 | A | 47,565 | D | |
| Common StockF5,F3 | Feb 8, 2017 | S | 700 | $68.64 | D | 46,865 | D | |
| Common StockF6,F3 | Feb 8, 2017 | S | 2,157 | $69.86 | D | 44,708 | D | |
| Common StockF7,F3 | Feb 8, 2017 | S | 767 | $70.17 | D | 43,941 | D | |
| Common StockF3 | Feb 9, 2017 | M | 2,800 | $12.36 | A | 46,741 | D | |
| Common StockF8,F3 | Feb 9, 2017 | S | 200 | $69.55 | D | 46,541 | D | |
| Common StockF9,F3 | Feb 9, 2017 | S | 300 | $70.62 | D | 46,241 | D | |
| Common StockF10,F3 | Feb 9, 2017 | S | 1,099 | $71.89 | D | 45,142 | D | |
| Common StockF11,F3 | Feb 9, 2017 | S | 1,201 | $72.17 | D | 43,941 | 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)F12 | $12.36 | Feb 8, 2017 | M | 3,624 | D | — | Mar 22, 2025 | Common Stock | 3,624 | 196,376 | D |
| Stock Option (right to buy)F12 | $12.36 | Feb 9, 2017 | M | 2,800 | D | — | Mar 22, 2025 | Common Stock | 2,800 | 193,576 | D |
Explanation of responses
- F1The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F10This transaction was executed in multiple trades at prices ranging from $71.60 to $72.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F11This transaction was executed in multiple trades at prices ranging from $72.10 to $72.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F12The original option grant vests over four years, with 25% of the shares vesting on January 26, 2016 and 1/48 vesting each month thereafter.
- F2This transaction was executed in multiple trades at prices ranging from $68.35 to $69.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3A portion of these shares is subject to vesting.
- F4This transaction was executed in multiple trades at prices ranging from $69.45 to $69.75. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5This transaction was executed in multiple trades at prices ranging from $68.15 to $69.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6This transaction was executed in multiple trades at prices ranging from $69.15 to $70.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F7This transaction was executed in multiple trades at prices ranging from $70.15 to $70.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F8This transaction was executed in multiple trades at prices ranging from $69.10 to $70.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F9This transaction was executed in multiple trades at prices ranging from $70.40 to $71.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.