SEC Form 4 · accession 0001209191-17-054047
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Machelle Sanders
Director
Period of report
Sep 24, 2017
Accepted (ET)
Sep 26, 2017 · 6:15 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 | $5.40 | Sep 24, 2017 | A | 19,240 | A | — | Sep 23, 2027 | Common Stock | 19,240 | 19,240 | D |
Explanation of responses
- F1The option vests in four equal installments, with the first installment vesting on December 24, 2017 and subsequent installments vesting every three months thereafter, such that the option will be fully vested on September 24, 2018.