SEC Form 4 · accession 0001209191-15-019294
HeartWare International, Inc. · HTWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Strong
Officer — Senior VP, R&D and Quality
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 8:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389072
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2015 | M | 527 | $0.00 | A | 1,402 | D | |
| Common StockF2 | Feb 25, 2015 | S | 206 | $89.56 | D | 1,196 | D | |
| Common StockF3 | Feb 25, 2015 | S | 189 | $89.56 | D | 1,007 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF4 | — | Feb 24, 2015 | M | 527 | D | Feb 24, 2015 | Feb 24, 2015 | Common Stock | 527 | 26,079 | D |
Explanation of responses
- F1On February 24, 2014, the reporting person was granted restricted stock units to acquire 2,106 shares of HeartWare International common stock. The award vests in four installments on February 24, 2015, February 24, 2016, February 24, 2017 and February 24, 2018. On February 24, 2015, 527 shares of common stock were issued to the reporting person.
- F2These shares were sold pursuant to a pre-arranged trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The sale proceeds were utilized to pay taxes related to the vesting of restricted stock units and receipt of the related shares reported on this Form 4.
- F3These shares were sold pursuant to a pre-arranged trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- F4Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.