SEC Form 4 · accession 0001385508-18-000088
OPIANT PHARMACEUTICALS, INC. · OPNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phil Skolnick
Officer — Chief Scientific Officer
Period of report
Oct 2, 2018
Accepted (ET)
Oct 4, 2018 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001385508
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 2, 2018 | M | 4,778 | $9.00 | A | 4,778 | D | |
| Common StockF3 | Oct 2, 2018 | S | 1,433 | $17.24 | D | 3,345 | D | |
| Common StockF4 | Oct 3, 2018 | S | 1,500 | $19.225 | D | 1,845 | D | |
| Common Stock | Oct 4, 2018 | S | 1,845 | $18.43 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $9.00 | Oct 2, 2018 | M | 10,000 | D | Aug 6, 2018 | Feb 6, 2027 | Common Stock | 4,778 | 190,000 | D |
Explanation of responses
- F1The option was exercised pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
- F2The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
- F3This transaction was executed in multiple trades at prices ranging from $16.92 to $17.51. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $19.00 to $19.75. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5Pursuant to the Stock Option Agreement, the number of shares issued on a cashless basis is determined by the following formula: Number of shares = (number of options times (prior day stock price less exercise price)) divided by the prior day stock price.