SEC Form 4 · accession 0001104659-18-010703
Invuity, Inc. · IVTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas W Heigel
Officer — SVP, Operations
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:01 pm EST
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 StockF1 | Feb 15, 2018 | M | 2,600 | — | A | 7,637 | D | |
| Common StockF2 | Feb 15, 2018 | F | 1,140 | $4.10 | D | 6,497 | D | |
| Common StockF3 | Feb 15, 2018 | A | 26,100 | $0.00 | A | 32,597 | 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 UnitsF1,F4 | — | Feb 15, 2018 | M | 2,600 | D | — | Feb 15, 2021 | Common Stock | 2,600 | 7,800 | D |
| Employee Stock Option (right to buy)F5 | $4.10 | Feb 15, 2018 | A | 45,700 | A | — | Feb 15, 2028 | Common Stock | 45,700 | 45,700 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of previously reported restricted stock units.
- F3The restricted stock units vest as to one-fourth of the shares on February 15, 2019 and on each one year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each vesting date.
- F42,600 of the 13,000 restricted stock units granted to the Reporting Person were vested and released. Such 13,000 share grant vests at the following rate: one-fifth of the shares on February 15, 2017 and on each one year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F5The option vests and becomes exercisable as to one-forty-eighth of the shares on March 15, 2018 and each one-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each vesting date.