SEC Form 4 · accession 0001467154-19-000010
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paula B Stafford
Officer — President and COO · Director
Period of report
Jan 28, 2019
Accepted (ET)
Jan 30, 2019 · 5:58 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 | $1.35 | Jan 28, 2019 | A | 55,000 | A | — | Jan 1, 2029 | Common Stock | 55,000 | 55,000 | D |
Explanation of responses
- F1One half (1/2) of the shares subject to this option shall vest upon the six month anniversary date of the January 2, 2019 vesting commencement date (the "Vesting Commencement Date"), and one twelfth (1/12) of the shares subject to this option shall vest on each successive monthly anniversary of the Vesting Commencement Date such that on the first anniversary of the Vesting Commencement Date the shares subject to this option will be fully vested.