SEC Form 4 · accession 0001140361-15-029579
Relypsa Inc · RLYP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Orwin
Officer — President & CEO · Director
Period of report
Jul 30, 2015
Accepted (ET)
Aug 3, 2015 · 8:43 pm EDT
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 | Jul 30, 2015 | M | 20,000 | $7.40 | A | 50,000 | D | |
| Common StockF3,F1 | Jul 30, 2015 | S | 19,800 | $33.5733 | D | 30,200 | D | |
| Common StockF1 | Jul 30, 2015 | S | 200 | $34.11 | D | 30,000 | D | |
| Common StockF1 | Jul 31, 2015 | M | 5,000 | $7.40 | A | 35,000 | D | |
| Common StockF5,F1 | Jul 31, 2015 | S | 9,800 | $33.5099 | D | 25,200 | D | |
| Common StockF1 | Jul 31, 2015 | S | 200 | $34.14 | D | 25,000 | 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)F4 | $7.40 | Jul 30, 2015 | M | 20,000 | D | — | Jul 23, 2023 | Common Stock | 20,000 | 782,877 | D |
| Stock Option (right to buy)F4 | $7.40 | Jul 31, 2015 | M | 5,000 | D | — | Jul 23, 2023 | Common Stock | 5,000 | 777,877 | D |
Explanation of responses
- F1Includes 20,000 restricted stock units.
- F2The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F3The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $33.04 to $34.0241, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F4The shares subject to the option are early exercisable. 25% of the shares subject to the option vest on the first anniversary measured from June 17, 2013 (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.
- F5The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $33.14 to $34.02, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.