SEC Form 4 · accession 0001321732-18-000042
Penumbra Inc · PEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D. Evans
Officer — EVP, Gen. Counsel & Secretary
Period of report
Jan 2, 2018
Accepted (ET)
Mar 5, 2018 · 9:06 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,F2 | Jan 2, 2018 | M | 5,000 | $22.04 | A | 12,225 | D | |
| Common StockF1 | Mar 1, 2018 | M | 5,000 | $22.04 | A | 17,225 | D | |
| Common StockF4,F1 | Mar 1, 2018 | S | 1,300 | $107.55 | D | 15,925 | D | |
| Common StockF5,F1 | Mar 1, 2018 | S | 2,678 | $108.40 | D | 13,247 | D | |
| Common StockF6,F1 | Mar 1, 2018 | S | 822 | $109.58 | D | 12,425 | D | |
| Common StockF1 | Mar 1, 2018 | S | 200 | $110.00 | D | 12,225 | D | |
| Common StockF7,F8 | holding | — | — | — | 170,775 | I | By Trust |
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)F9 | $22.04 | Jan 2, 2018 | M | 5,000 | D | — | Aug 11, 2025 | Common Stock | 5,000 | 30,834 | D |
| Stock Option (right to buy)F9 | $22.04 | Mar 1, 2018 | M | 5,000 | D | — | Aug 11, 2025 | Common Stock | 5,000 | 25,834 | D |
Explanation of responses
- F1The totals in column 5 have been adjusted from prior reports to accurately reflect certain transactions as involving directly owned shares, which were previously reported as having involved indirectly owned shares.
- F2This option exercise was omitted from the prior Form 4 as a result of an administrative error by the company's external share administrator. The shares underlying the option were sold as previously reported in the Form 4 dated January 4, 2018.
- F3The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F4This transaction was executed in multiple trades at prices ranging from $106.95 to $107.85. 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 $108.00 to $108.95. 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 $109.00 to $109.95. 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.
- F7The totals in column 5 have been adjusted from prior reports to accurately reflect certain transactions as involving indirectly owned shares, which were previously reported as having involved directly owned shares.
- F8Shares are held by The 2010 Robert D. Evans and Norma J. Evans Revocable Trust u/d/t dated November 11, 2010.
- F9Option grant vests over four years, with 25% of the shares vesting on August 1, 2016 and 1/48 vesting each month thereafter.