SEC Form 4 · accession 0001321732-18-000012
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
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 5:51 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 StockF1 | Jan 16, 2018 | M | 20,500 | $12.36 | A | 54,098 | D | |
| Common StockF3,F1 | Jan 16, 2018 | S | 12,765 | $87.51 | D | 41,333 | D | |
| Common StockF4,F1 | Jan 16, 2018 | S | 6,235 | $88.62 | D | 35,098 | D | |
| Common StockF5,F1 | Jan 16, 2018 | S | 4,116 | $89.59 | D | 30,982 | D | |
| Common StockF6,F1 | Jan 16, 2018 | S | 5,534 | $90.81 | D | 25,448 | D | |
| Common StockF7,F1 | Jan 16, 2018 | S | 1,350 | $91.19 | D | 24,098 | 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)F8 | $12.36 | Jan 16, 2018 | M | 20,500 | D | — | Mar 22, 2025 | Common Stock | 20,500 | 140,317 | 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 $87.15 to $88.10. 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.
- F4This transaction was executed in multiple trades at prices ranging from $88.20 to $89.10. 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 $89.15 to $90.00. 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.
- F6This transaction was executed in multiple trades at prices ranging from $90.20 to $91.10. 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 $91.15 to $91.35. 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.
- F8The original option grant vests over four years, with 25% of the shares vesting on January 26, 2016 and 1/48 vesting each month thereafter.
Remarks
The Reporting Person is Chief Commercial Officer and President, North America.