SEC Form 4 · accession 0001209191-16-153911
NanoString Technologies Inc · NSTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne Burns
Officer — SVP, Operations & Admin
Period of report
Dec 5, 2016
Accepted (ET)
Dec 7, 2016 · 4:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001401708
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 5, 2016 | M | 11,330 | $12.77 | A | 71,034 | D | |
| Common StockF2 | Dec 5, 2016 | S | 11,330 | $22.04 | D | 59,704 | D | |
| Common Stock | Dec 6, 2016 | M | 6,170 | $12.77 | A | 65,874 | D | |
| Common Stock | Dec 6, 2016 | M | 4,166 | $12.94 | A | 70,040 | D | |
| Common StockF3 | Dec 6, 2016 | S | 10,336 | $22.03 | D | 59,704 | D |
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)F4 | $12.77 | Dec 5, 2016 | M | 11,330 | D | — | Feb 9, 2025 | Common Stock | 11,330 | 28,670 | D |
| Stock Option (right to buy)F4 | $12.77 | Dec 6, 2016 | M | 6,170 | D | — | Feb 9, 2025 | Common Stock | 6,170 | 22,500 | D |
| Common Stock (right to buy)F5 | $12.94 | Dec 6, 2016 | M | 4,166 | D | — | Feb 5, 2026 | Common Stock | 4,166 | 15,834 | D |
Explanation of responses
- F1The sales reported by Mr. Burns were effected pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2016.
- F2The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.18, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F3The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.11, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F41/48 of the shares subject to such option shall vest on each monthly anniversary of February 9, 2015.
- F5The shares subject to this option shall vest at a rate of 1/48th of the total number of shares on the one-month anniversary of February 5, 2016 (the "Option Vesting Commencement Date"), and 1/48th of the total number of shares vest each monthly anniversary of the Option Vesting Commencement Date thereafter, for so long as the recipient of the option remains a Service Provider, such that the total number of shares shall be fully vested on the four-year anniversary of the Option Vesting Commencement Date.