SEC Form 4 · accession 0001209191-15-061523
Horizon Pharma plc · HZNP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey W Sherman
Officer — EVP and Chief Medical Officer
Period of report
Jul 15, 2015
Accepted (ET)
Jul 17, 2015 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001492426
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Jul 15, 2015 | M | 24,437 | $2.40 | A | 137,319 | D | |
| Ordinary SharesF3 | Jul 15, 2015 | S | 24,437 | $35.55 | D | 112,882 | D | |
| Ordinary Shares | Jul 15, 2015 | M | 2,450 | $4.96 | A | 115,332 | D | |
| Ordinary SharesF3 | Jul 15, 2015 | S | 2,450 | $35.55 | D | 112,882 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4 | $2.40 | Jul 15, 2015 | M | 24,437 | D | — | Jan 1, 2023 | Ordinary Shares | 24,437 | 26,563 | D |
| Stock Option (Right to Buy)F4 | $4.96 | Jul 15, 2015 | M | 2,450 | D | — | Dec 7, 2021 | Ordinary Shares | 2,450 | 51,171 | D |
Explanation of responses
- F1Includes 10,549 ordinary shares of the Issuer acquired by the reporting person on June 1, 2015 pursuant to an employee stock purchase program.
- F2The sales reported in this Form 4 were effected pursuant to a Rule10b5-1 trading plan adopted by the reporting person on May 13, 2015.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.09 to $35.92 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 in this footnote.
- F4The stock option vests in 48 equal monthly installments following the date of grant.