SEC Form 4 · accession 0000899243-15-003913
ZS Pharma, Inc. · ZSPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A Creech
Other
Period of report
Aug 20, 2015
Accepted (ET)
Aug 24, 2015 · 6:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001459266
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 20, 2015 | M | 20,000 | $2.13 | A | 20,000 | D | |
| Common Stock | Aug 20, 2015 | S | 20,000 | $50.03 | D | 0 | D | |
| Common Stock | Aug 21, 2015 | M | 50,000 | $2.13 | A | 50,000 | D | |
| Common StockF1 | Aug 21, 2015 | S | 50,000 | $49.76 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF2 | $2.13 | Aug 20, 2015 | M | 20,000 | D | — | — | Common Stock | 20,000 | 260,771 | D |
| Employee Stock OptionsF2 | $2.13 | Aug 21, 2015 | M | 50,000 | D | — | — | Common Stock | 50,000 | 210,771 | D |
Explanation of responses
- F1Mr. Creech sold 50,000 shares of common stock at prices ranging from $49.50 per share to $50.01 per share.
- F2Mr. Creech was granted options to purchase 280,771 shares of common stock at an exercise price of $2.13 per share on August 16, 2013, of which 25% of the shares subject to such option vested on August 12, 2014, the first anniversary of the vesting commencement date, with the remaining 75% of the options vesting monthly in substantially equal installments over the following 36 months, subject to Mr. Creech's continuing to provide services to the company through each vesting date. Mr. Creech exercised 20,000 of such options on August 20, 2015 and 50,000 of such options on August 21, 2015, all at the exercise price of $2.13 per share.
Remarks
Mr. Creech no longer serves as the Chief Financial Officer of ZS Pharma, Inc., effective as of June 15, 2015.