SEC Form 4 · accession 0001321732-18-000096
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
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 8:24 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 | Jul 26, 2018 | M | 7,500 | $12.36 | A | 72,787 | D | |
| Common StockF3,F1 | Jul 26, 2018 | S | 1,003 | $142.93 | D | 71,784 | D | |
| Common StockF4,F1 | Jul 26, 2018 | S | 3,244 | $144.10 | D | 68,540 | D | |
| Common StockF5,F1 | Jul 26, 2018 | S | 2,080 | $144.73 | D | 66,460 | D | |
| Common StockF6,F1 | Jul 26, 2018 | S | 977 | $146.03 | D | 65,483 | D | |
| Common StockF1 | Jul 26, 2018 | S | 196 | $146.50 | D | 65,287 | 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 | Jul 26, 2018 | M | 7,500 | D | — | Mar 22, 2025 | Common Stock | 7,500 | 125,317 | 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 $142.48 to $143.35. 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.
- F4This transaction was executed in multiple trades at prices ranging from $143.48 to $144.45. 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 $144.50 to $145.43. 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 $145.70 to $146.30. 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 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.