SEC Form 4 · accession 0001401708-18-000037
NanoString Technologies Inc · NSTG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Bradley Gray
Officer — President and CEO · Director
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 6:16 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 StockF1 | Feb 5, 2018 | M | 10,416 | — | A | 128,127 | D | |
| Common StockF2 | Feb 5, 2018 | F | 3,089 | $6.70 | D | 125,038 | 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 UnitsF3,F4 | — | Feb 5, 2018 | M | 10,416 | D | — | — | Common Stock | 10,416 | 10,418 | D |
| Stock Options (right to buy)F5 | $6.80 | Feb 6, 2018 | A | 60,000 | A | — | Feb 5, 2028 | Common Stock | 60,000 | 60,000 | D |
| Restricted Stock UnitsF3,F6 | — | Feb 6, 2018 | A | 162,941 | A | — | — | Common Stock | 162,941 | 162,941 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") convert into Common Stock on a one-for-one basis.
- F2The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of RSUs. The shares were not issued to or sold by the reporting person.
- F3Each RSU represents a contingent right to receive one (1) share of Issuer's common stock.
- F41/3 of the RSUs vest on the first market trading day following the first anniversary of February 3, 2016 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on the first market trading day after the second and third anniversary of the RSU Vesting Commencement Date.
- F51/48 of the shares subject to such option shall vest on the one-month anniversary of February 6, 2018 (the "Option Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the Option Vesting Commencement Date becoming fully vested on the four-year anniversary of the Option Vesting Commencement Date.
- F61/3 of the RSUs vest on the first market trading day following the first anniversary of March 10, 2018 (the "RSU Vesting Commencement Date"), and 1/3 of the RSUs vest annually each year on the first market trading day after the second and third anniversary of the RSU Vesting Commencement Date.