SEC Form 4 · accession 0001209191-17-039833
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian M. Johnson
Officer — Chief Commercial Officer
Period of report
Jun 12, 2017
Accepted (ET)
Jun 14, 2017 · 4:30 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $4.23 | Jun 12, 2017 | A | 42,500 | A | — | Jun 11, 2027 | Common Stock | 42,500 | 42,500 | D |
Explanation of responses
- F1One thirty-sixth (1/36) of the shares subject to this option shall vest monthly following June 12, 2017 (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.
Remarks
Exhibit Index: Exhibit 24 - Power of Attorney