SEC Form 4 · accession 0001493152-16-015979
ONCOSEC MEDICAL Inc · ONCS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Slansky
Officer — CFO
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001444307
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (right to buy)F1,F3,F2 | $6.12 | Dec 14, 2016 | D | 150,000 | D | — | Jul 6, 2025 | Common Stock | 150,000 | 0 | D |
| Employee Stock Option (right to buy)F4,F3,F5 | $5.76 | Dec 14, 2016 | D | 75,000 | D | — | Aug 21, 2025 | Common Stock | 75,000 | 0 | D |
| Employee Stock Option (right to buy)F4,F3,F6 | $1.29 | Dec 14, 2016 | A | 112,500 | A | — | Dec 14, 2026 | Common Stock | 112,500 | 112,500 | D |
Explanation of responses
- F1These stock options were granted as Non-qualified stock options.
- F2These stock options are scheduled to fully vest on July 6, 2018, the third anniversary of the grant date.
- F3On December 14, 2016, OncoSec Medical Incorporated cancelled, pursuant to its Stock Option Exchange Program, options previously granted to and held by the reporting person to purchase 150000 shares (previously granted on July 6, 2015) and 75000 shares (previously granted on August 21, 2015) of common stock. In exchange, and subject to the terms of the Stock Option Exchange Program, the reporting person received a replacement option for 112500 shares of common stock with an exercise price of $1.29 per share.
- F4These stock options were granted as Incentive Stock Options only to the extent that the $100,000 dollar limitation of 26 U.S.C. ss.422(d) is not exceeded; anything beyond that is deemed a Non-qualified Stock Option.
- F5These stock options are scheduled to fully vest on August 21, 2018, the third anniversary of the grant date.
- F6The stock options granted on December 14, 2016 will vest on the following schedule: 25% on grant date; 1/36th of the remaining 75% vesting on each of the 36 subsequent monthly anniversaries of the grant date.