SEC Form 4 · accession 0001209191-18-038421
ATHERSYS, INC / NEW · ATHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Harrington
Officer — Exec Vice Pres and CSO · Director
Period of report
Jun 14, 2018
Accepted (ET)
Jun 18, 2018 · 7:00 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,F2 | Jun 14, 2018 | S | 7,500 | $2.3058 | D | 612,503 | D | |
| Common StockF3 | Jun 15, 2018 | F | 7,683 | $2.32 | D | 604,820 | D | |
| Common StockF1,F4 | Jun 15, 2018 | S | 7,500 | $2.2959 | D | 597,320 | D | |
| Common StockF5,F6 | Jun 18, 2018 | A | 94,500 | $0.00 | A | 691,820 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to purchase)F7 | $2.31 | Jun 18, 2018 | A | 225,000 | A | — | Jun 18, 2028 | Common Stock | 225,000 | 225,000 | D |
Explanation of responses
- F1Shares sold pursuant to a predefined Rule 10b5-1 trading plan for tax and planning purposes.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.21 to $2.37, inclusive, in accordance with a previously established Rule 10b5-1 predefined trading plan enacted for tax and planning purposes.
- F3Shares withheld from the quarterly vesting of annual restricted stock unit awards related to the minimum tax withholding obligation.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.265 to $2.32, inclusive, in accordance with a previously established Rule 10b5-1 predefined trading plan enacted for tax and planning purposes.
- F5Award 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 three-year period.
- F6Securities beneficially owned are comprised of: (1) 397,500 shares of common stock owned and (2) unvested restricted stock units aggregating 294,320 related to annual awards, which vest quarterly over a three or four-year period from grant date.
- F7Award of an annual stock option. The option vests ratably on a quarterly basis over a three-year period.