SEC Form 4 · accession 0001104659-17-055904
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant C. Bogle
Officer — Sr. VP, Chief Commercial Ofc.
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 9:12 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 StockF2 | Sep 1, 2017 | M | 8,333 | $59.71 | A | 11,543 | D | |
| Common Stock | Sep 1, 2017 | M | 2,917 | $43.39 | A | 14,460 | D | |
| Common StockF3 | Sep 1, 2017 | S | 14,167 | $135.00 | D | 293 | 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)F4 | $59.71 | Sep 1, 2017 | M | 8,333 | D | — | Jul 13, 2025 | Common Stock | 8,333 | 66,667 | D |
| Employee Stock Option (right to buy)F5 | $43.39 | Sep 1, 2017 | M | 2,917 | D | — | Mar 1, 2026 | Common Stock | 2,917 | 32,083 | 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.
- F2Includes 55 shares purchased pursuant to the TESARO, Inc. 2012 Employee Stock Purchase Plan in transactions that were exempt under Section 16b-3(c) and Section 16b3-(d).
- F3The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $135.00 to $135.11, 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.
- F4A quarter of the original grant of options to purchase 75,000 shares of common stock vested on July 13, 2016 and, thereafter, 1/36th of the remaining options vest on each monthly anniversary of such date until fully vested.
- F5The option to purchase 35,000 shares of common stock vests in 48 equal monthly installments beginning on April 1, 2016.