SEC Form 4 · accession 0000899243-15-004508
Pfenex Inc. · PFNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia Lady
Officer — Chief Accounting Officer
Period of report
Sep 3, 2015
Accepted (ET)
Sep 4, 2015 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001478121
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 3, 2015 | M | 2,000 | $0.31 | A | 3,400 | D | |
| Common StockF2,F1 | Sep 3, 2015 | S | 2,000 | $20.4801 | D | 1,400 | D |
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)F3 | $0.31 | Sep 3, 2015 | M | 2,000 | D | — | Feb 3, 2020 | Common Stock | 2,000 | 43,519 | D |
Explanation of responses
- F1Includes 700 shares acquired under the PFNX employee stock purchase plan on February 17, 2015 and 700 shares acquired under the PFNX employee stock purchase plan on August 17, 2015.
- F2Represents the weighted average share price of an aggregate total of 2,000 shares sold in the price range of $20.442 to $20.50 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Subject to the reporting person's continuing service, twenty five percent (25%) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of the vesting commencement date, and, thereafter, one forty-eighty (1/48th) of the share subject to the option shall vest and become exercisable each month on the same day as the vesting commencement date, such that the shares subject to the option shall become fully vested and exercisable on the fourth (4th) anniversary of the vesting commencement date. The vesting commencement date for this option is December 28, 2009.