SEC Form 4 · accession 0001104659-15-081527
Ophthotech Corp. · OPHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samir Chandrakant Patel
Officer — President · Director
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410939
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 24, 2015 | M | 1,532 | $1.652 | A | 280,137 | D | |
| Common Stock | Nov 24, 2015 | M | 25,683 | $31.29 | A | 305,820 | D | |
| Common StockF2 | Nov 24, 2015 | S | 19,371 | $60.14 | D | 286,449 | D | |
| Common StockF3 | Nov 24, 2015 | S | 7,844 | $60.60 | D | 278,605 | 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 | $1.652 | Nov 24, 2015 | M | 1,532 | D | — | Apr 8, 2022 | Common Stock | 1,532 | 11,180 | D |
| Stock Option (Right To Buy)F5 | $31.29 | Nov 24, 2015 | M | 25,683 | D | — | Jan 1, 2024 | Common Stock | 25,683 | 87,500 | D |
Explanation of responses
- F1The exercises and sales reported on this form were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2015.
- F2These shares were disposed of in multiple transactions on November 24, 2015 at actual sales prices ranging from $59.48 to $60.465 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3These shares were disposed of in multiple transactions on November 24, 2015 at actual sales prices ranging from $60.48 to $60.775 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4This option was granted on April 9, 2012 and vests over four years, with 2.0833% of the original number of shares underlying the option vesting monthly from the date of grant.
- F5This option was granted on January 2, 2014 and vests over four years, with 25% of the original number of shares underlying the option vested on the first anniversary of the date of grant, and 2.0833% of the original number of shares underlying the option vesting monthly thereafter.