SEC Form 4 · accession 0001104659-16-088437
Ophthotech Corp. · OPHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara A Wood
Officer — SVP,General Counsel,Secretary
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 5:23 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 | Jan 4, 2016 | M | 1,000 | $24.49 | A | 1,746 | D | |
| Common Stock | Jan 4, 2016 | S | 1,000 | $76.37 | D | 746 | 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)F2 | $24.49 | Jan 4, 2016 | M | 1,000 | D | — | Nov 17, 2023 | Common Stock | 1,000 | 59,000 | D |
| Stock Option (Right to Buy)F4 | $73.22 | Jan 4, 2016 | A | 19,200 | A | — | Jan 3, 2026 | Common Stock | 19,200 | 19,200 | D |
| Restricted Stock UnitsF3,F5 | — | Jan 4, 2016 | A | 4,800 | A | — | Jan 3, 2026 | Common Stock | 4,800 | 4,800 | 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 November 24, 2015.
- F2This option was granted on November 18, 2013 and will vest over a four-year period, with 17,500 shares underlying such option vesting in November 2014 and 1/48 of the original number of shares underlying such option vesting each month thereafter until November 2017.
- F3Each restricted stock unit represents the contingent right to receive one share of common stock or cash upon vesting of the unit.
- F4Subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2013 Stock Incentive Plan, each of these stock option awards will vest with respect to 25% of the shares subject to the option on the first anniversary of the grant date and with respect to the remaining shares in approximately equal monthly installments through the fourth anniversary of the grant date.
- F5Subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2013 Stock Incentive Plan, each of these Restricted Stock Unit awards will vest with respect to 25% of the shares subject to the award on each of the first, second, third and fourth anniversaries of the grant date.