SEC Form 4 · accession 0001209191-15-085630
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
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 6:32 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 | Dec 14, 2015 | M | 3,412 | $6.33 | A | 4,668 | D | |
| Common Stock | Dec 14, 2015 | M | 1,588 | $1.76 | A | 6,256 | D | |
| Common StockF2 | Dec 14, 2015 | S | 2,322 | $25.135 | D | 3,934 | D | |
| Common StockF3 | Dec 14, 2015 | S | 1,289 | $26.1492 | D | 2,645 | D | |
| Common StockF4 | Dec 14, 2015 | S | 1,289 | $27.2581 | D | 1,356 | D | |
| Common StockF5 | Dec 14, 2015 | S | 100 | $27.7024 | 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)F6 | $6.33 | Dec 14, 2015 | M | 3,412 | D | Apr 23, 2015 | Jun 3, 2024 | Common Stock | 3,412 | 32,994 | D |
| Employee Stock Option (right to buy)F7 | $1.76 | Dec 14, 2015 | M | 1,588 | D | Jan 6, 2015 | Jan 31, 2024 | Common Stock | 1,588 | 79,047 | 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 purchased ranging from $24.63 to $25.60 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.
- F3The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $25.64 to $26.62 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.
- F4The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $26.66 to $27.60 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.
- F5The sale price reported in Column 4 of Table I represents the weighted average sale price of the shares sold ranging from $27.70 to $27.73 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.
- F6Of the total grant of 54,607 shares, one-fourth of the shares subject to the option vested on April 23, 2015 and one forty-eighth of the shares vest monthly thereafter.
- F7Of the total grant of 92,434 shares, one-fourth of the shares subject to the option vested on January 6, 2015 and one forty-eighth of the shares vest monthly thereafter.