SEC Form 4 · accession 0001181431-15-001187
Pacira BioSciences, Inc. · PCRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Stack
Officer — President, CEO and Chairman · Director
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 9:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396814
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 15, 2015 | M | 15,000 | $1.61 | A | 16,267 | D | |
| Common StockF3 | Jan 15, 2015 | S | 10,900 | $97.30 | D | 5,367 | D | |
| Common StockF4 | Jan 15, 2015 | S | 2,500 | $97.71 | D | 2,867 | D | |
| Common StockF5 | Jan 15, 2015 | S | 1,600 | $98.74 | D | 1,267 | D | |
| Common StockF6 | holding | — | — | — | 18,596 | I | Stack Schroon Mohawk FLP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F7 | $1.61 | Jan 15, 2015 | M | 15,000 | D | — | Sep 2, 2020 | Common Stock | 15,000 | 140,695 | D |
Explanation of responses
- F1Includes 59 shares acquired under the issuer's employee stock purchase plan in December 2014.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.52 to $97.51, inclusive. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3, 4 and 5.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.52 to $98.42, inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.56 to $99.00, inclusive.
- F6Mr. Stack is the general partner of Stack Schroon Mohawk FLP.
- F7The option vested as to 50% of the option shares on February 2, 2011, 19,377 option shares vested on February 3, 2011, and the remaining option shares vested in successive equal monthly installments for the subsequent 19 months.