SEC Form 4 · accession 0000899243-16-030989
Invuity, Inc. · IVTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip M Sawyer
Officer — President and CEO · Director
Period of report
Oct 3, 2016
Accepted (ET)
Oct 4, 2016 · 7:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 3, 2016 | M | 5,100 | $1.295 | A | 5,100 | D | |
| Common StockF3 | Oct 3, 2016 | S | 5,100 | $13.16 | D | 0 | D | |
| Common StockF4 | holding | — | — | — | 216,600 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $1.295 | Oct 3, 2016 | M | 5,100 | D | — | Nov 17, 2020 | Common Stock | 5,100 | 78,484 | D |
Explanation of responses
- F1The option shares were exercised pursuant to the Rule 10b5-1 trading plan entered into by the Reporting Person on November 30, 2015 (the "Trading Plan").
- F2The shares were sold pursuant to the Trading Plan.
- F3This transaction was executed in multiple trades at prices ranging from $13.00 to $13.53. 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.
- F4The shares are held by Helix Founders Fund, L.P. ("HFF"). HFF GP, LLC is the General Partner of HFF, and Helix Ventures, LLC ("Helix Ventures") is the management company of HFF. The Reporting Person is a General Partner of Helix Ventures and disclaims beneficial ownership of shares held by HFF, except to the extent of his pecuniary interest therein.
- F5The Reporting Person exercised 5,100 shares of the option originally for 114,360 shares and which option vested as to one-fourth of the shares on February 22, 2011 and as to one forty-eighth of the shares each month thereafter.