SEC Form 4 · accession 0001140361-16-068992
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
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 6:47 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,F2 | Jun 3, 2016 | A | 5,625 | $0.00 | A | 60,000 | D | |
| Common StockF2 | Jun 3, 2016 | F | 2,114 | $19.96 | D | 57,886 | 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 | $18.87 | Jun 3, 2016 | A | 22,500 | A | Jun 3, 2016 | Nov 6, 2025 | Common Stock | 22,500 | 22,500 | D |
Explanation of responses
- F1On November 6, 2015, the Reporting Person was granted 16,875 Restricted Stock Units to vest in three equal tranches upon achievement of certain performance-based milestones (the "Performance RSUs"). On June 3, 2016, the Compensation Committee certified the achievement of the first performance milestone resulting in vesting of 1/3rd of the Performance RSUs.
- F2Includes 54,375 Restricted Stock Units.
- F3On November 6, 2015, the Reporting Person was granted an option to purchase 67,500 shares of Common Stock to vest in three equal tranches upon achievement of certain performance-based milestones (the "Performance Option"). On June 3, 2016, the Compensation Committee certified the achievement of the first performance milestone resulting in vesting of 1/3rd of the Performance Option.