SEC Form 4 · accession 0001104659-16-142679
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
Aug 30, 2016
Accepted (ET)
Sep 1, 2016 · 4:59 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 | Aug 30, 2016 | M | 29,166 | $56.52 | A | 29,166 | D | |
| Common StockF1 | Aug 30, 2016 | S | 29,166 | $86.04 | 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)F2 | $56.52 | Aug 30, 2016 | M | 29,166 | D | — | Jun 29, 2025 | Common Stock | 100,000 | 70,834 | D |
Explanation of responses
- F1The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $85.92 to $86.23, 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.
- F2One quarter of the options vested on June 29, 2016 and, thereafter, 1/36th of the remaining options vest in equal installments on each monthly anniversary of such date until fully vested.