SEC Form 4 · accession 0001104659-16-130858
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
Jun 29, 2016
Accepted (ET)
Jul 1, 2016 · 5:42 pm EDT
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 StockF2 | Jun 29, 2016 | S | 18,385 | $51.37 | D | 174,992 | D | |
| Common StockF3 | Jun 29, 2016 | S | 1,615 | $51.94 | D | 173,377 | D | |
| Common StockF4 | Jun 29, 2016 | M | 40,000 | — | A | 213,377 | D | |
| Common StockF5,F6 | Jun 30, 2016 | S | 19,146 | $50.94 | D | 194,231 | D | |
| Common StockF5,F7 | Jun 30, 2016 | S | 2,700 | $51.86 | D | 191,531 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 June 29, 2016 at actual sales prices ranging from $50.895 to $51.88 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 June 29, 2016 at actual sales prices ranging from $51.89 to $52.05 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.
- F4Restricted stock units converted into common stock on a one-for-one basis upon vesting upon the achievement of certain performance criteria, pursuant to the applicable Restricted Stock Unit Agreement.
- F5Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the issuer's minimum statutory withholding obligations with respect to the income recognized by the reporting person upon the vesting of the restricted stock units on June 29, 2016.
- F6These shares were disposed of in multiple transactions on June 30, 2016 at actual sales prices ranging from $50.51 to $51.41 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.
- F7These shares were disposed of in multiple transactions on June 30, 2016 at actual sales prices ranging from $51.70 to $51.94 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.