SEC Form 4 · accession 0001209191-15-070838
OTONOMY, INC. · OTIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Michael Savel II
Officer — Chief Technical Officer
Period of report
Sep 14, 2015
Accepted (ET)
Sep 15, 2015 · 5:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001493566
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 14, 2015 | M | 1,587 | $1.76 | A | 2,843 | D | |
| Common Stock | Sep 14, 2015 | M | 3,413 | $6.33 | A | 6,256 | D | |
| Common StockF2 | Sep 14, 2015 | S | 5,000 | $23.9793 | D | 1,256 | 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)F3 | $1.76 | Sep 14, 2015 | M | 1,587 | D | Jan 6, 2015 | Jan 31, 2024 | Common Stock | 1,587 | 80,635 | D |
| Employee Stock Option (right to buy)F4 | $6.33 | Sep 14, 2015 | M | 3,413 | D | Apr 23, 2015 | Jun 3, 2024 | Common Stock | 3,413 | 36,406 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $23.35 to $24.69 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3Of the total grant of 92,434 shares, one fourth of the shares subject to the option vest on January 6, 2015 and one forty-eighth of the shares vest monthly thereafter.
- F4Of the total grant of 54,607 shares, one fourth of the shares subject to the option vest on April 23, 2015 and one forty-eighth of the shares vest monthly thereafter.