SEC Form 4 · accession 0001209191-16-129132
ATHERSYS, INC / NEW · ATHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gil Van Bokkelen
Officer — Chairman and CEO · Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 6:52 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 | 19,027 | $2.16 | D | 846,896 | D | |
| Common StockF2 | Jun 17, 2016 | F | 3,728 | $2.16 | D | 843,168 | D | |
| Common StockF3,F4 | Jun 20, 2016 | A | 225,008 | $0.00 | A | 1,068,176 | 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)F5 | $2.19 | Jun 20, 2016 | A | 500,000 | A | — | Jun 20, 2026 | Common Stock | 500,000 | 500,000 | 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.
- F2Shares withheld from the quarterly vesting of a annual restricted stock unit awards related to the minimum tax withholding obligation.
- F3Award 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.
- F4Securities beneficially owned are comprised of: (1) 730,072 shares of common stock owned and (2) unvested restricted stock units aggregating 338,104 related to annual awards, which vest quarterly over a four-year period from grant date.
- F5Award of an annual stock option. The option vests ratably on a quarterly basis over a four-year period.