SEC Form 4 · accession 0001209191-17-050427
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paula B Stafford
Director
Period of report
Aug 25, 2017
Accepted (ET)
Aug 28, 2017 · 5:00 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 | $4.27 | Aug 25, 2017 | A | 30,500 | A | — | Aug 14, 2027 | Common Stock | 30,500 | 30,500 | D |
Explanation of responses
- F1The option vests in four equal installments, with the first installment vesting on September 5, 2017 and subsequent installments vesting every three months thereafter, such that the option will be fully vested on June 5, 2018.