SEC Form 4 · accession 0000911916-16-000579
CoLucid Pharmaceuticals, Inc. · CLCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas P. Mathers
Officer — Chief Executive Officer · Director
Period of report
Jun 5, 2016
Accepted (ET)
Jun 7, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001348649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 5, 2016 | M | 3,756 | — | A | 250,156 | D | |
| Common StockF3,F4 | Jun 6, 2016 | S | 1,502 | $7.2463 | D | 248,654 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | Jun 5, 2016 | M | 3,756 | D | — | — | Common Stock | 3,756 | 131,434 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of CoLucid Pharmaceuticals, Inc. common stock.
- F2Includes 5,000 shares acquired under the CoLucid Pharmaceuticals, Inc. Employee Stock Purchase Plan between December 1, 2015 and May 31, 2016.
- F3Securities sold pursuant to a written plan intended to comply with Rule 10b5-1(c)(i) adopted by Mr. Mathers on March 11, 2016.
- F4Represents the sale of 1,502 shares in multiple transactions, ranging in price from $7.18 to $7.27 per share, resulting in a weighted average sale price of $7.2463. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- F5On May 5, 2015, the reporting person received 360,508 RSUs. Those RSUs vest as follows: 50% of the RSUs vested on November 5, 2015; 12.5% of the RSUs vested on May 5, 2016; and the remaining RSUs vest in a series of 36 successive equal monthly installments upon completion of each additional month of service.