SEC Form 4 · accession 0001140361-16-046282
Relypsa Inc · RLYP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wilhelm Stahl
Officer — SVP, Chief Technology Officer
Period of report
Dec 31, 2015
Accepted (ET)
Jan 4, 2016 · 5:27 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 31, 2015 | M | 16,291 | $3.96 | A | 31,144 | D | |
| Common StockF1 | Dec 31, 2015 | M | 3,709 | $3.96 | A | 34,853 | D | |
| Common StockF3,F1 | Dec 31, 2015 | S | 20,000 | $28.5279 | D | 14,853 | 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 | $3.96 | Dec 31, 2015 | M | 16,291 | D | — | Sep 13, 2021 | Common Stock | 16,291 | 27,759 | D |
| Stock Option (right to buy)F5 | $3.96 | Dec 31, 2015 | M | 3,709 | D | — | Sep 27, 2022 | Common Stock | 3,709 | 46,597 | D |
Explanation of responses
- F1Includes 14,000 Restricted Stock Units.
- F2The sale reported in this Form 4 was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
- F3This transaction was executed in multiple trades in prices ranging from $28.19 to $28.9515, inclusive. The price reported in Column 4 above reflects the weighted average sale price. 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.
- F4100% of the shares subject to the option are fully vested and exercisable.
- 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.