SEC Form 4 · accession 0001209191-17-057015
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paula B Stafford
Director
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 4:40 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 | $5.03 | Oct 12, 2017 | A | 68,401 | A | Mar 15, 2018 | Sep 14, 2027 | Common Stock | 68,401 | 68,401 | D |
Explanation of responses
- F1Option shall become vested and exercisable six months from the Vesting Commencement Date of September 15, 2017, such that the Option shall be fully vested and exercisable on March 15, 2018.