SEC Form 4 · accession 0001104659-18-073133
Ophthotech Corp. · OPHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David R Guyer
Officer — Executive Chairman · Director
Period of report
Dec 12, 2018
Accepted (ET)
Dec 14, 2018 · 5:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410939
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $1.45 | Dec 12, 2018 | A | 137,500 | A | — | Dec 11, 2028 | Common Stock | 137,500 | 137,500 | D |
| Restricted Stock UnitsF2,F3 | — | Dec 12, 2018 | A | 68,800 | A | — | Dec 11, 2028 | Common Stock | 68,800 | 68,800 | D |
Explanation of responses
- F1Subject 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 as follows: (1) no shares underlying the option shall vest unless, for a period of twenty consecutive trading days, the average closing sale price of the Registrant's common stock is equal to or exceeds 125% of the exercise price per share of such option (the "Performance Condition"), (2) subject to satisfaction of the Performance Condition, the option shall 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, and (3) such stock option shall be subject to "double-trigger" acceleration of vesting upon termination of employment following a change in control of the Registrant.
- F2Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
- F3Subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2013 Stock Incentive Plan, the award of restricted stock units 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.
Remarks
Exhibit Index: 24.1 Power of Attorney