SEC Form 4 · accession 0001140361-15-043725
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
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 5:50 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 | Dec 2, 2015 | M | 20,000 | $7.40 | A | 79,375 | D | |
| Common StockF1 | Dec 2, 2015 | S | 20,000 | $25.00 | D | 59,375 | D | |
| Common StockF1 | Dec 4, 2015 | M | 20,000 | $7.40 | A | 79,375 | D | |
| Common StockF1 | Dec 4, 2015 | S | 20,000 | $25.00 | D | 59,375 | 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 | $7.40 | Dec 2, 2015 | M | 20,000 | D | — | Jul 23, 2023 | Common Stock | 20,000 | 757,877 | D |
| Stock Option (right to buy)F3 | $7.40 | Dec 4, 2015 | M | 20,000 | D | — | Jul 23, 2023 | Common Stock | 20,000 | 737,877 | D |
Explanation of responses
- F1Includes 54,375 Restricted Stock Units.
- F2The sale reported in this Form 4 was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F3The 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.