SEC Form 4 · accession 0001209191-16-148440
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M. Joyce Rico
Officer — Chief Medical Officer
Period of report
Nov 2, 2016
Accepted (ET)
Nov 4, 2016 · 4:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467154
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $20.64 | Nov 2, 2016 | A | 40,000 | A | — | Nov 1, 2026 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1One thirty-sixth (1/36) of the shares subject to this option shall vest monthly on the first day of each month following November 2, 2016 (the "Vesting Commencement Date") such that on the third anniversary of the Vesting Commencement Date the shares subject to this option shall be fully vested; provided that the employee remains an employee of, or a consultant to, the Company as of each such vesting date.