SEC Form 4 · accession 0001209191-18-011945
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene Sun
Director
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 4:35 pm EST
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 | $3.44 | Feb 16, 2018 | A | 13,078 | A | — | Feb 15, 2028 | Common Stock | 13,078 | 13,078 | D |
Explanation of responses
- F1The option vests in four equal installments, with the first installment vesting on May 16, 2018 and subsequent installments vesting every three months thereafter, such that the option will be fully vested on February 16, 2019.