SEC Form 4 · accession 0001209191-15-080752
OTONOMY, INC. · OTIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul E Cayer
Officer — Ch. Financial & Business Offcr
Period of report
Nov 17, 2015
Accepted (ET)
Nov 17, 2015 · 8:09 pm EST
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 | Nov 17, 2015 | M | 3,000 | $6.33 | A | 12,610 | D | |
| Common StockF2 | Nov 17, 2015 | S | 3,000 | $28.6858 | D | 9,610 | 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,F3 | $6.33 | Nov 17, 2015 | M | 3,000 | D | — | Jun 3, 2024 | Common Stock | 3,000 | 80,492 | 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 $28.14 to $28.97 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.
- F3One-fourth of the shares subject to the option vested on April 23, 2015 and one forty-eighth of the shares vest monthly thereafter.
- F4In addition to the option to purchase 80,492 shares of common stock as set forth in Table II, the Reporting Person currently holds options to purchase up to an aggregate of 255,391 shares of common stock, which options vest according to their terms.