SEC Form 4 · accession 0001209191-15-070253
Arcadia Biosciences, Inc. · RKDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zhongjin Lu
Officer — VP Product Development
Period of report
Sep 8, 2015
Accepted (ET)
Sep 10, 2015 · 8:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001469443
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 8, 2015 | M | 8,882 | $0.44 | A | 8,882 | D | |
| Common StockF2 | Sep 8, 2015 | S | 3,000 | $5.5089 | D | 5,882 | D | |
| Common Stock | Sep 9, 2015 | M | 6,975 | $0.44 | A | 12,857 | D | |
| Common StockF3 | Sep 9, 2015 | S | 2,370 | $5.5458 | D | 10,487 | D | |
| Common Stock | Sep 10, 2015 | M | 3,685 | $0.44 | A | 14,172 | D | |
| Common StockF4 | Sep 10, 2015 | S | 1,302 | $5.2708 | D | 12,870 | D |
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)F5 | $0.44 | Sep 8, 2015 | M | 8,882 | D | — | Dec 31, 2015 | Common Stock | 8,882 | 13,618 | D |
| Employee Stock Option (right to buy)F5 | $0.44 | Sep 9, 2015 | M | 6,975 | D | — | Dec 31, 2015 | Common Stock | 6,975 | 6,643 | D |
| Employee Stock Option (right to buy)F5 | $0.44 | Sep 10, 2015 | M | 3,685 | D | — | Dec 31, 2015 | Common Stock | 3,685 | 2,958 | D |
Explanation of responses
- F1The security transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Stock Trading Plan (the "Plan"), adopted by the Reporting Person on June 14, 2015. Pursuant to the Plan and in compliance with the Issuer's IPO Lock-up Agreements with Credit Suisse Securities (USA) ("CSSU"), the Reporting Person paid the exercise price and CSSU sold shares only to satisfy the tax liability and costs. The balance of the shares will be held until the expiration of the IPO Lock-up Agreements.
- F2This transaction was executed in multiple trades at prices ranging from $5.28 to $5.67. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $5.33 to $5.73. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $5.10 to $5.76. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5The option is fully exercisable as of the date hereof.