SEC Form 4 · accession 0001209191-17-053159
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Hodges
Officer — Interim Chief Financial Office
Period of report
Sep 15, 2017
Accepted (ET)
Sep 18, 2017 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 15, 2017 | M | 5,000 | $6.03 | A | 5,000 | 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 Option (right to buy)F1 | $6.03 | Sep 15, 2017 | M | 5,000 | D | — | Mar 23, 2027 | Common Stock | 5,000 | 28,000 | D |
Explanation of responses
- F1The option, representing a right to purchase a total of 33,000 shares, became exercisable in three equal installments on each monthly anniversary of March 24, 2017, such that the option became fully vested on June 24, 2017.