SEC Form 4 · accession 0001209191-16-129131
ATHERSYS, INC / NEW · ATHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Lehmann Jr.
Officer — President and COO
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 6:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001368148
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 17, 2016 | F | 15,703 | $2.16 | D | 279,017 | D | |
| Common StockF2 | Jun 20, 2016 | A | 154,800 | $0.00 | A | 433,817 | D | |
| Common StockF3,F4 | Jun 20, 2016 | S | 13,000 | $2.1837 | D | 420,817 | D | |
| Common StockF3,F5,F6 | Jun 21, 2016 | S | 12,000 | $2.1622 | D | 408,817 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to purchase)F7 | $2.19 | Jun 20, 2016 | A | 361,200 | A | — | Jun 20, 2026 | Common Stock | 361,200 | 361,200 | D |
Explanation of responses
- F1Shares withheld from the quarterly vesting of a June 2013 restricted stock unit award related to the minimum tax withholding obligation.
- F2Award of annual restricted stock units, each of which represents a contingent right to receive one share of Athersys, Inc. common stock after vesting. The restricted stock units vest ratably on a quarterly basis over a four-year period.
- F3Shares sold pursuant to a predefined Rule 10b5-1 trading plan for tax and planning purposes related to the quarterly vesting of a June 2013 restricted stock unit award.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.16 to $2.20, inclusive, in accordance with a previously established Rule 10b5-1 predefined trading plan enacted solely related to the tax obligation.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.135 to $2.20, inclusive, in accordance with a previously established Rule 10b5-1 predefined trading plan enacted solely related to the tax obligation.
- F6Securities beneficially owned are comprised of: (1) 187,849 shares of common stock owned and (2) unvested restricted stock units aggregating 220,968 related to annual awards, which vest quarterly over a four-year period from grant date.
- F7Award of an annual stock option. The option vests ratably on a quarterly basis over a four-year period.