SEC Form 4 · accession 0001104659-16-127011
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward C English
Officer — VP of Finance & Administration
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 9:11 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491576
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 | Jun 10, 2016 | M | 3,500 | $13.31 | A | 3,500 | D | |
| Common Stock, par value $0.0001 | Jun 10, 2016 | M | 3,500 | $33.74 | A | 7,000 | D | |
| Common Stock, par value $0.0001F2 | Jun 10, 2016 | S | 6,900 | $40.74 | D | 100 | D | |
| Common Stock, par value $0.0001 | Jun 10, 2016 | S | 100 | $41.68 | D | 0 | 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)F3 | $13.31 | Jun 10, 2016 | M | 3,500 | D | — | Sep 9, 2022 | Common Stock | 3,500 | 9,572 | D |
| Employee Stock Option (right to buy)F4 | $33.74 | Jun 10, 2016 | M | 3,500 | D | — | Feb 27, 2024 | Common Stock | 3,500 | 18,000 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2015.
- F2The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $40.17 to $41.12, inclusive. The reporting person undertakes to provide to TESARO, Inc., any security holder of TESARO, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F3A quarter of the original grant of options to purchase 28,572 shares of common stock vested on June 11, 2013 and, thereafter, 1/36th of the remaining options vest on each monthly anniversary of such date until fully vested.
- F4A quarter of the original grant of options to purchase 25,000 shares of common stock vested on February 27, 2015 and, thereafter, 1/36th of the remaining options vest on each monthly anniversary of such date until fully vested.