SEC Form 4 · accession 0001104659-17-058110
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James O Armitage
Director
Period of report
Sep 18, 2017
Accepted (ET)
Sep 20, 2017 · 5:28 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 | Sep 18, 2017 | M | 10,000 | $26.36 | A | 10,000 | D | |
| Common StockF2 | Sep 18, 2017 | S | 4,257 | $116.52 | D | 5,743 | D | |
| Common StockF3 | Sep 18, 2017 | S | 5,743 | $117.58 | D | 0 | D | |
| Common StockF4 | holding | — | — | — | 1,500 | I | By The Nancy E. Armitage Revocable Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Nonqualified Stock Option (right to buy)F5 | $26.36 | Sep 18, 2017 | M | 10,000 | D | — | Jun 1, 2024 | Common Stock | 10,000 | 0 | 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.
- F2The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $116.03 to $117.00, 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.
- F3The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $117.05 to $118.01, 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.
- F4The reporting person is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes, except to the extent of his pecuniary interest therein.
- F5The original grant of options to purchase 10,000 shares of common stock vested on May 14, 2015.