SEC Form 4 · accession 0001209191-15-073542
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
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 8:16 pm EDT
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 | Sep 30, 2015 | M | 3,500 | $0.00 | A | 5,132 | D | |
| Common StockF2,F3 | Oct 1, 2015 | S | 749 | $51.66 | D | 4,383 | D | |
| Common StockF2,F4 | Oct 1, 2015 | S | 1,576 | $52.78 | D | 2,807 | D | |
| Common StockF2,F5 | Oct 1, 2015 | S | 300 | $53.60 | D | 2,507 | 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 UnitF6 | — | Sep 30, 2015 | M | 3,500 | D | Sep 30, 2015 | Sep 30, 2015 | Common Stock | 3,500 | 20,079 | D |
Explanation of responses
- F1On December 9, 2013, the reporting person was granted restricted stock units to acquire 14,000 shares of HeartWare International common stock. The award vests in four equal installments on September 30, 2014, September 30, 2015, September 30, 2016 and September 30, 2017. On September 30, 2015 (the anniversary of the reporting person's date of hire), 3,500 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. A portion of 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.
- F3The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $51.31 to $52.29. The reporting person has provided the issuer and will provide any security holder of the issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
- F4The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $52.33 to $53.29. The reporting person has provided the issuer and will provide any security holder of the issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
- F5The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $53.52 to $53.74. The reporting person has provided the issuer and will provide any security holder of the issuer or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
- F6Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.