SEC Form 4 · accession 0001104659-17-014111
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin H. Huber Jr.
Officer — Sr. VP, Chief Medical Officer
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:17 pm EST
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 | Mar 1, 2017 | M | 4,375 | $0.00 | A | 6,200 | D | |
| Common Stock | Mar 2, 2017 | S | 1,428 | $177.61 | D | 4,772 | 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 UnitsF2,F3 | — | Mar 1, 2017 | M | 4,375 | D | — | — | Common Stock | 4,375 | 13,125 | D |
| Restricted Stock UnitsF2,F4 | — | Mar 1, 2017 | A | 5,930 | A | — | — | Common Stock | 5,930 | 5,930 | D |
| Employee Stock Option (right to buy)F5 | $178.95 | Mar 1, 2017 | A | 10,782 | A | — | Mar 1, 2027 | Common Stock | 10,782 | 10,782 | D |
Explanation of responses
- F1This sale was effected pursuant to the terms of a 10b5-1 plan adopted by the reporting person and was made in order to pay the tax liability arising from the vesting of restricted stock units.
- F2Each restricted stock unit represents a contingent right to receive one share of TESARO common stock.
- F3The restricted stock units were granted on March 1, 2016 and vest in four equal annual installments beginning on March 1, 2017.
- F4The restricted stock units vest in four equal annual installments beginning on March 1, 2018.
- F5The option vests in 48 equal monthly installments beginning on April 1, 2017.