SEC Form 3 · accession 0001467154-19-000014
Novan, Inc. · NOVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M. Gay
Officer — VP, Finance & Corp. Controller
Period of report
Jan 31, 2019
Accepted (ET)
Jan 31, 2019 · 5:13 pm EST
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 | holding | — | — | — | 100 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (Right to Buy)F1 | $4.66 | holding | — | — | — | — | Jan 9, 2022 | Common Stock | 25,000 | — | D |
| Stock Option (Right to Buy)F2 | $3.15 | holding | — | — | — | — | May 20, 2028 | Common Stock | 12,500 | — | D |
| Stock Option (Right to Buy)F3 | $2.43 | holding | — | — | — | — | Nov 12, 2028 | Common Stock | 2,500 | — | D |
| Stock Option (Right to Buy)F4 | $1.35 | holding | — | — | — | — | Jan 28, 2029 | Common Stock | 35,000 | — | D |
Explanation of responses
- F1These warrants to purchase 25,000 shares of Common Stock of the Issuer may be exercised at any time prior to the expiration date.
- F2The option vests in three equal annual installments, with the first installment vesting on May 21, 2019.
- F3The option vests in three equal annual installments, with the first installment vesting on November 13, 2019.
- F4The option vests in three equal annual installments, with the first installment vesting on January 28, 2020, and were granted prior to the effective date of the Reporting Person's appointment as the Issuer's Principal Financial Officer.
Remarks
Exhibit 24 - Power of Attorney