SEC Form 4 · accession 0001209191-18-004965
OTONOMY, INC. · OTIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric J Loumeau
Officer — GC & Chief Compliance Officer
Period of report
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 5:34 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 | $31.59 | Jan 19, 2018 | D | 100,000 | D | — | May 14, 2025 | Common Stock | 100,000 | 0 | D |
| Employee Stock Option (right to buy)F4,F3 | $14.44 | Jan 19, 2018 | D | 70,000 | D | — | Feb 28, 2026 | Common Stock | 70,000 | 0 | D |
| Employee Stock Option (right to buy)F6,F5 | $14.00 | Jan 19, 2018 | D | 50,000 | D | — | Mar 5, 2027 | Common Stock | 50,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F7 | $5.675 | Jan 19, 2018 | A | 66,666 | A | — | Jan 18, 2026 | Common Stock | 66,666 | 66,666 | D |
| Employee Stock Option (right to buy)F4,F8 | $5.675 | Jan 19, 2018 | A | 46,666 | A | — | Jan 18, 2026 | Common Stock | 46,666 | 46,666 | D |
| Employee Stock Option (right to buy)F6,F9 | $5.675 | Jan 19, 2018 | A | 33,333 | A | — | Jan 18, 2026 | Common Stock | 33,333 | 33,333 | D |
Explanation of responses
- F1One-fourth (1/4) of the total number of shares initially subject to the option vest on May 15, 2016, 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 100,000 shares of common stock granted to the Reporting Person on May 15, 2015. In exchange, the Reporting Person received an option grant for 66,666 shares of common stock with exercise price of $5.675 per share.
- F3One-fourth (1/4) of the shares subject to the option vest on March 1, 2017 and one forty-eighth (1/48) of the shares vest monthly thereafter.
- F4On January 19, 2018, in connection with the Issuer's option exchange program, the Issuer cancelled an option for 70,000 shares of common stock granted to the Reporting Person on March 1, 2016. In exchange, the Reporting Person received an option grant for 46,666 shares of common stock with exercise price of $5.675 per share.
- F5One-fourth (1/4) of the shares subject to the option vest on March 6, 2018 and one forty-eighth (1/48) of the shares vest monthly thereafter.
- F6On January 19, 2018, in connection with the Issuer's option exchange program, the Issuer cancelled an option for 50,000 shares of common stock granted to the Reporting Person on March 6, 2017. In exchange, the Reporting Person received an option grant for 33,333 shares of common stock with exercise price of $5.675 per share.
- F7Of the 66,666 total shares subject to the option, 52,777 shares vest on January 19, 2019. Of the remaining 13,889 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.
- F8Of the 46,666 total shares subject to the option, 27,222 shares vest on January 19, 2019. Of the remaining 19,444 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.
- F9Of the 33,333 total shares subject to the option, 11,111 shares vest on January 19, 2019. Of the remaining 22,222 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.