SEC Form 4 · accession 0001209191-15-050995
SOLENO THERAPEUTICS INC · SLNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest Mario
Director · 10% Owner
Period of report
Jun 4, 2015
Accepted (ET)
Jun 8, 2015 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001484565
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 4, 2015 | M | 25,000 | $3.48 | A | 425,876 | D | |
| Common StockF3 | holding | — | — | — | 10,416 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 10,416 | I | See Footnote |
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 | $3.48 | Jun 4, 2015 | M | 25,000 | D | — | Jun 27, 2018 | Common Stock | 25,000 | 54,999 | D |
Explanation of responses
- F1The shares reported by the Reporting Person do not include 158,842 shares of Common Stock held by Mario Family Partner LP. Dr. Mario resigned from being a general partner of Mario Family Partner LP.
- F2The shares reported by the Reporting Person do not include 53,512 shares of Common Stock held by Mario 2002 Grandchildren's Trust. Dr. Mario resigned as trustee of the Mario 2002 Grandchildren's Trust.
- F3These shares are held directly by Ernest Mario 2008 Annuity Trust III ("E. Mario 2008 Trust"). Ernest Mario serves as trustee of the E. Mario 2008 Trust and may be deemed to be the beneficial owner of the shares held directly by E. Mario 2008 Trust. Ernest Mario disclaims beneficial ownership of the securities held by E. Mario 2008 Trust, except to the extent of such individual's pecuniary interests in the securities.
- F4These shares are held directly by Mildred Mario 2008 Annuity Trust III ("M. Mario 2008 Trust"). Ernest Mario and Ernest Mario's spouse, Mildred Mario, serves as trustees of the M. Mario 2008 Trust and may be deemed to be the beneficial owner of the shares held directly by M. Mario 2008 Trust. Ernest Mario disclaims beneficial ownership of the securities held by M. Mario 2008 Trust, except to the extent of such individual's pecuniary interests in the securities.
- F5The vesting schedule for the option is as follows: 1/48 of the total number of shares subject to the option would vest per month beginning on August 15, 2007.