SEC Form 4 · accession 0001209191-15-085631
OTONOMY, INC. · OTIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Allen Weber
Officer — President & CEO · Director
Period of report
Dec 15, 2015
Accepted (ET)
Dec 16, 2015 · 6:34 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 15, 2015 | M | 5,208 | $1.76 | A | 22,811 | D | |
| Common StockF2 | Dec 15, 2015 | S | 5,208 | $27.2498 | D | 17,603 | D | |
| Common StockF3 | holding | — | — | — | 4,812 | I | See footnote |
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 | $1.76 | Dec 15, 2015 | M | 5,208 | D | — | Dec 20, 2023 | Common Stock | 5,208 | 390,149 | D |
Explanation of responses
- F1The sale reported on this Form 4 was 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 $26.71 to $27.56 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.
- F3The shares are held by The Weber Trust Dated March 9, 2005 for which the Reporting Person serves as trustee.
- F4An option to purchase 438,469 shares was granted on December 20, 2013 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. The option is subject to an early exercise provision pursuant to which 193,874 shares were immediately exercisable. One-fourth of the total number of shares initially subject to the option vested on September 1, 2014 and one forty-eighth of the shares vest ratably thereafter.