SEC Form 4 · accession 0001209191-16-125601
Ophthotech Corp. · OPHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Jay Ross
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 4:17 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 StockF1 | Jun 1, 2016 | M | 1,750 | — | A | 1,750 | 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 | $58.29 | Jun 2, 2016 | A | 7,000 | A | Jul 2, 2016 | Jun 1, 2026 | Common Stock | 7,000 | 7,000 | D |
| Restricted Stock UnitsF3,F4 | — | Jun 2, 2016 | A | 1,750 | A | — | — | Common Stock | 1,750 | 1,750 | D |
Explanation of responses
- F1As previously reported, on June 4, 2015 the Issuer awarded the Reporting Person a Restricted Stock Unit award which represented the contingent right to receive 1,750 shares of Issuer common stock. Pursuant to the terms of a Restricted Stock Unit Agreement by and between the Reporting Person and the Issuer, this Restricted Stock Unit award vested on June 1, 2016 with respect to 100% of the shares subject to the award, and the shares were issued to the Reporting Person.
- F2Subject to Reporting Person providing continued services to the Issuer and other terms and conditions under a stock option agreement by and between the Reporting Person and the Issuer, The option will vest and become exercisable in 12 consecutive, equal monthly installments commencing on July 2, 2016 until fully vested and exercisable on the first anniversary of the date of grant. Any unvested shares subject to the option will be accelerated in full one business day prior to the Issuer's 2017 annual meeting of stockholders.
- F3Each restricted stock unit represents the contingent right to receive one share of Issuer common stock upon vesting of the unit.
- F4Subject to Reporting Person providing continued services to the Issuer and other terms and conditions under a Restricted Stock Unit Agreement by and between the Reporting Person and the Issuer, this Restricted Stock Unit award will vest with respect to 100% of the shares subject to the award on the earlier of (i) the first anniversary of the grant date or (ii) one business day prior to the Issuer's 2017 annual meeting of stockholders.