SEC Form 4 · accession 0000892712-15-000039
CELLULAR DYNAMICS INTERNATIONAL, INC. · ICEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Daley
Officer — VP and CFO
Period of report
Jan 9, 2015
Accepted (ET)
Jan 13, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001482080
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F5 | $12.13 | Jan 9, 2015 | D | 6,000 | D | — | Jul 10, 2024 | Common Stock | 6,000 | 12,000 | D |
| Employee Stock Option (Right to Buy)F2,F3,F4,F5 | $5.67 | Jan 9, 2015 | A | 23,000 | A | — | Jan 9, 2025 | Common Stock | 23,000 | 23,000 | D |
Explanation of responses
- F1In connection with the Reporting Person's appointment as Chief Financial Officer, this option was amended to vest as to 12,000 shares as of January 9, 2015 and the balance of the option was cancelled.
- F2Option grant under the Cellular Dynamics International, Inc. 2013 Equity Incentive Plan (the "Plan").
- F3Represents the closing price on the Nasdaq Global Market on January 9, 2015, the date of grant.
- F4Option is to vest as to 1/4th of shares on the first anniversary of the date of grant and as to 1/48th on the first day of each of the thirty six calendar months following such first anniversary. Any unvested portion of option is to vest immediately upon (i) Reporting Person's death, (ii) the Company's termination of Reporting Person's employment due to Disability (as defined in the Plan), or (iii) the Company's termination of employment other than for Cause (as defined in the Plan) or Reporting Persons termination of employment for Good Reason (as defined in the Plan), which termination occurs after a Change in Control (as defined in the Plan) that occurs while the Reporting Person is in the employ of or service as a consultant to the Company.
- F5Option exercise period to expire at the earlier of (a) the date indicated, (b) the one-year anniversary of termination if due to death or Disability (as defined in the Plan), (c) at termination if for Cause (as defined in the Plan) and (d) the 90th day after termination in all other cases.