SEC Form 4 · accession 0001104659-17-071945
TESARO, Inc. · TSRO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin H. Huber Jr.
Officer — SVP & Chief Medical Officer
Period of report
Dec 1, 2017
Accepted (ET)
Dec 5, 2017 · 6:10 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 StockF1,F2 | Dec 1, 2017 | M | 1,750 | $0.00 | A | 8,101 | D | |
| Common Stock | Dec 4, 2017 | S | 829 | $85.24 | D | 7,272 | 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,F1 | — | Dec 1, 2017 | M | 1,750 | D | — | — | Common Stock | 1,750 | 0 | D |
Explanation of responses
- F1On July 27, 2016, the reporting person was granted 1,750 restricted stock units, all of which vested on December 1, 2017, the first day of the month following the date of satisfaction of certain performance criteria.
- F2Each restricted stock unit represents a contingent right to receive one share of TESARO common stock.
- F3This sale was effected in accordance with the terms of the underlying restricted stock unit award agreement and was made in order to pay the tax liability arising from the vesting of the restricted stock units.