SEC Form 4 · accession 0000899243-17-022129
iRhythm Holdings, Inc. · IRTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vijay K Lathi
Director
Period of report
Sep 13, 2017
Accepted (ET)
Sep 15, 2017 · 2:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388658
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Sep 13, 2017 | X | 72,389 | — | A | 738,354 | I | See Footnote |
| Common StockF2 | Sep 13, 2017 | S | 10 | $45.824 | D | 738,344 | I | See Footnote |
| Common StockF4,F2 | Sep 13, 2017 | S | 34,603 | $49.509 | D | 703,741 | I | See Footnote |
| Common Stock | holding | — | — | — | 1,405 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Warrant (Right to Buy)F2,F1 | — | Sep 13, 2017 | X | 72,389 | D | Nov 1, 2012 | Nov 1, 2019 | Common Stock | 72,389 | 0 | I |
Explanation of responses
- F1$0.0058827.
- F2Represents shares directly beneficially owned by New Leaf Ventures II, L.P. ("NLV II"). The Reporting Person is an individual manager of New Leaf Venture Management II, L.L.C. ("Management II"). Management II is the general partner of New Leaf Venture Associates II, L.P. ("Associates II"). Associates II is the general partner of New Leaf Ventures II, L.P. ("NLV II"). As such, the Reporting Person shares voting and dispositive control with respect to the shares held by NLV II. The Reporting Person disclaims beneficial ownership of the shares held by NLV II, except to the extent of his proportionate pecuniary interest therein.
- F3On September 13, 2017, NLV II exercised a warrant to purchase 72,389 share of IRTC common stock for $0.0058827 a share. NLV II paid the exercise price on a cashless basis, resulting in IRTC withholding 10 of the warrant shares to pay the exercise price and issuing to NLV II the remaining 72,379 shares.
- F4This transaction was executed in multiple trades at prices ranging from $49.43 to $49.54. 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.