SEC Form 4 · accession 0000899243-17-020765
AVEO PHARMACEUTICALS INC · AVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael N Needle
Officer — Chief Medical Officer
Period of report
Aug 17, 2017
Accepted (ET)
Aug 21, 2017 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001325879
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 17, 2017 | J | 25,907 | $0.00 | D | 25,906 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrants (right to buy)F2 | $1.00 | Aug 17, 2017 | J | 25,907 | D | — | May 17, 2021 | Common Stock | 25,907 | 25,906 | D |
| Stock Option (right-to-buy)F4 | $1.07 | Aug 17, 2017 | J | 205,729 | D | — | Feb 3, 2025 | Common Stock | 205,729 | 500,000 | D |
| Stock Option (right to buy)F6 | $1.08 | Aug 17, 2017 | J | 67,889 | D | — | Jan 7, 2026 | Common Stock | 67,889 | 184,000 | D |
Explanation of responses
- F1On August 17, 2017, Michael Needle entered into a marital settlement agreement with his wife pursuant to which he agreed to transfer to his wife 50% of his common stock and warrants.
- F2The warrants are immediately exercisable.
- F3Under the marital settlement agreement, Dr. Needle is deemed to hold 205,729 of these options for the benefit of his wife, who is entitled to the shares issued upon exercise of such options by Dr. Needle. Dr. Needle's wife may be deemed an indirect beneficial owner of these options.
- F4This option vested as to 25% of the shares on January 9, 2016 and vests in thirty-six equal monthly installments thereafter as to the remaining shares through January 9, 2019, subject to Dr. Needle's continued service to the Company.
- F5Under the marital settlement agreement, Dr. Needle is deemed to hold 67,889 of these options for the benefit of his wife, who is entitled to the shares issued upon exercise of such options by Dr. Needle. Dr. Needle's wife may be deemed an indirect beneficial owner of these options.
- F6The shares underlying this option vest in equal monthly installments from January 7, 2016, through January 7, 2020, subject to Dr. Needle's continued service to the Company.