SEC Form 4 · accession 0001140361-15-002627
Relypsa Inc · RLYP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald A. Krasnow
Officer — See Remarks
Period of report
Jan 21, 2015
Accepted (ET)
Jan 23, 2015 · 9:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001416792
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 21, 2015 | M | 8,081 | $2.76 | A | 33,929 | D | |
| Common StockF1 | Jan 21, 2015 | M | 33,368 | $3.96 | A | 67,297 | D | |
| Common StockF1 | Jan 21, 2015 | M | 13,551 | $3.96 | A | 80,848 | D | |
| Common StockF1 | Jan 21, 2015 | S | 55,000 | $35.00 | D | 25,848 | 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)F3 | $2.76 | Jan 21, 2015 | M | 8,081 | D | — | Mar 10, 2019 | Common Stock | 8,081 | 0 | D |
| Stock Option (right to buy)F4 | $3.96 | Jan 21, 2015 | M | 33,368 | D | — | Sep 13, 2021 | Common Stock | 33,368 | 8,783 | D |
| Stock Option (right to buy)F5 | $3.96 | Jan 21, 2015 | M | 13,551 | D | — | Sep 27, 2022 | Common Stock | 13,551 | 37,611 | D |
Explanation of responses
- F1Includes 5,500 restricted stock units.
- F2The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F3100% of the shares subject to the option are fully vested and exercisable.
- F4The shares subject to the option are early exercisable. 1/48th of the shares subject to the option vest on each monthly anniversary measured from September 1, 2011 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested on the fourth anniversary of the Vesting Commencement Date.
- F5The shares subject to the option are early exercisable. 25% of the shares subject to the option vest on the first anniversary measured from September 19, 2012 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest in thirty-six (36) successive and equal monthly installments thereafter, such that 100% of the shares subject to the option will be fully vested on the fourth anniversary of the Vesting Commencement Date.
Remarks
General Counsel, SVP and Secretary