SEC Form 4 · accession 0001209191-17-006429
ALDER BIOPHARMACEUTICALS INC · ALDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall C Schatzman
Officer — President and CEO · Director
Period of report
Jan 27, 2017
Accepted (ET)
Jan 31, 2017 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001423824
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 30, 2016 | A | 404 | $20.20 | A | 115,172 | 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)F2 | $20.40 | Jan 27, 2017 | A | 275,000 | A | — | Jan 26, 2027 | Common Stock | 275,000 | 275,000 | D |
Explanation of responses
- F1The shares were acquired under the Issuer's 2014 Employee Stock Purchase Plan on November 30, 2016 in a transaction exempt under Rule 16b-3(c).
- F2The shares subject to this option shall vest and become exercisable at a rate of 25% of the total number of shares on the one-year anniversary of January 1, 2017 (the "Vesting Commencement Date") and 1/48th of the total number of shares each monthly anniversary of the Vesting Commencement Date thereafter, for so long as the Reporting Person provides continuous service to the Issuer, such that the total number of shares shall be fully vested on the four-year anniversary of the Vesting Commencement Date.