SEC Form 4 · accession 0001321732-17-000138
Penumbra Inc · PEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Donen Davis
Officer — See Remarks
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 6:00 pm EDT
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 StockF1 | Aug 1, 2017 | M | 30,559 | $12.36 | A | 74,500 | D | |
| Common StockF3,F1 | Aug 1, 2017 | S | 6,850 | $78.31 | D | 67,650 | D | |
| Common StockF4,F1 | Aug 1, 2017 | S | 14,433 | $79.22 | D | 53,217 | D | |
| Common StockF5,F1 | Aug 1, 2017 | S | 7,954 | $80.19 | D | 45,263 | D | |
| Common StockF6,F1 | Aug 1, 2017 | S | 2,763 | $80.98 | D | 42,500 | 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)F7 | $12.36 | Aug 1, 2017 | M | 30,559 | D | — | Mar 22, 2025 | Common Stock | 30,559 | 160,817 | D |
Explanation of responses
- F1A portion of these shares is subject to vesting.
- F2The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F3This transaction was executed in multiple trades at prices ranging from $77.75 to $78.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provideupon 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.
- F4This transaction was executed in multiple trades at prices ranging from $78.75 to $79.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provideupon 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 $79.75 to $80.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provideupon 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 $80.75 to $81.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provideupon 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.
- F7The original option grant vests over four years, with 25% of the options vesting on January 26, 2016 and 1/48 vesting each month thereafter.
Remarks
The Reporting Person is Chief Commercial Officer and President, North America