SEC Form 4 · accession 0001209191-15-017363
Zeltiq Aesthetics Inc · ZLTQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Lamm
Officer — Vice President of Operations
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001415336
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2015 | A | 4,072 | $0.00 | A | 24,114 | D | |
| Common StockF2 | Feb 21, 2015 | F | 934 | $34.23 | D | 23,180 | D | |
| Common StockF4 | Feb 23, 2015 | S | 2,315 | $34.1606 | D | 20,865 | 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)F5 | $34.65 | Feb 19, 2015 | A | 2,036 | A | — | Feb 18, 2025 | Common Stock | 2,036 | 2,036 | D |
Explanation of responses
- F1These restricted stock units vest as follows: 25% of the total number of shares subject to the restricted stock units vest on February 19, 2016, and the remainder vest annually at a rate of 25% per year, subject to the Reporting Person's continued service to the Issuer.
- F2Represents the number of shares withheld by and surrendered to the Issuer on February 21, 2015, to satisfy tax withholding obligations that arose in connection with the vesting of a restricted stock units ("RSUs"). The initial RSUs for 10,000 shares vest annually at a rate of 25% per year, subject to the Reporting Person's continued service to the Issuer, of which the first installment vested on February 21, 2015.
- F3The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 28, 2014.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.02 to $34.31, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F525% of the total number of shares subject to the option vest on February 19, 2016, and the remainder vest in equal monthly installments over a 36 month period thereafter, subject to the Reporting Person's continued service to the Issuer.