SEC Form 4 · accession 0001209191-18-004964
OTONOMY, INC. · OTIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine Mary Bishop
Officer — Chief Scientific Officer
Period of report
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001493566
Table I — non-derivative securities
No Table I lines on this filing.
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)F2,F1 | $16.20 | Jan 19, 2018 | D | 150,000 | D | — | Jan 3, 2027 | Common Stock | 150,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3 | $5.675 | Jan 19, 2018 | A | 100,000 | A | — | Jan 18, 2026 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1One-fourth (1/4) of the shares subject to the option vest on January 4, 2018 and one forty-eighth (1/48) of the shares vest monthly thereafter.
- F2On January 19, 2018, in connection with the Issuer's option exchange program, the Issuer cancelled an option for 150,000 shares of common stock granted to the Reporting Person on January 4, 2017. In exchange, the Reporting Person received an option grant for 100,000 shares of common stock with exercise price of $5.675 per share.
- F3Of the 100,000 total shares subject to the option, 37,500 shares vest on January 19, 2019. Of the remaining 62,500 shares subject to the option, one-third (1/3) of these shares vest on January 19, 2019, and one thirty-sixth (1/36) of these shares vest monthly thereafter.