SEC Form 4 · accession 0001104659-16-130859
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey H. Hanke
Officer — Executive VP, R&D and CSO
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 5:47 pm 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 | Jun 30, 2016 | M | 12,500 | $0.00 | A | 12,500 | D | |
| Common StockF2 | Jun 30, 2016 | S | 2,800 | $73.43 | D | 9,700 | D | |
| Common StockF3 | Jun 30, 2016 | S | 9,700 | $74.61 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Jun 30, 2016 | M | 12,500 | D | — | — | Common Stock | 50,000 | 38,500 | 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 November 18, 2015.
- F2The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $73.15 to $73.97, 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.
- F3The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $74.03 to $75.00, 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.
- F4Each restricted stock unit represents a contingent right to receive one share of TSRO common stock.
- F5The restricted stock units vest in four equal annual installments beginning June 29, 2016. Vested shares will be delivered to the reporting person within 30 days of the applicable vesting date.