SEC Form 4 · accession 0001104659-15-064781
Radius Health, Inc. · RDUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P. Snow
Officer — Chief Commercial Officer
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 6:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001428522
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1 | — | Sep 9, 2015 | A | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | D |
| Stock Option (Right to Buy)F2 | $65.23 | Sep 9, 2015 | A | 100,000 | A | — | Sep 8, 2025 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned, if at all, in three increments of 5,000 units, 10,000 units and 10,000 units if the average daily closing price of the Issuer's common stock on the NASDAQ Global Market measured over a measurement period of 45 consecutive trading days ending no later than September 9, 2018 exceeds $75, $100 and $120, respectively. Earned units vest on, and are converted to shares of the Issuer's common stock, after the first anniversary of the final day of the measurement period with respect to which the units were earned.
- F225% of the shares underlying the stock option shall vest on September 9, 2016 and the remaining shares shall vest in substantially equal monthly installments over the following three years.