SEC Form 4 · accession 0001209191-16-148664
Zeltiq Aesthetics Inc · ZLTQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith J Sullivan
Officer — CCO, President, North America
Period of report
Nov 4, 2016
Accepted (ET)
Nov 7, 2016 · 4:56 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 Stock | Nov 4, 2016 | M | 8,000 | $6.21 | A | 82,023 | D | |
| Common StockF2 | Nov 4, 2016 | S | 8,000 | $33.0073 | D | 74,023 | D | |
| Common StockF3 | Nov 6, 2016 | F | 1,048 | $34.06 | D | 72,975 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | By Keith J Sullivan (IRA) FCC as custodian |
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)F4 | $6.21 | Nov 4, 2016 | M | 8,000 | D | — | Oct 4, 2022 | Common Stock | 8,000 | 90,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.63 to $33.32, 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.
- F3Represents the number of shares withheld by and surrendered to the Issuer to satisfy the tax withholding obligation that arose in connection with the vesting of the Restricted Stock Units ("RSUs"). The RSUs for 10,000 shares vest in four equal annual installments beginning on the first anniversary of November 6, 2014.
- F425% of the total number of shares subject to the option vested on October 4, 2013, 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.