SEC Form 4 · accession 0001209191-18-004966
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
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 5:35 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,F3,F1 | $34.12 | Jan 19, 2018 | D | 60,000 | D | — | Dec 10, 2024 | Common Stock | 60,000 | 0 | D |
| Employee Stock Option (right to buy)F5,F3,F4 | $14.44 | Jan 19, 2018 | D | 70,000 | D | — | Feb 28, 2026 | Common Stock | 70,000 | 0 | D |
| Employee Stock Option (right to buy)F7,F3,F6 | $14.00 | Jan 19, 2018 | D | 70,000 | D | — | Mar 5, 2027 | Common Stock | 70,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3,F8 | $5.675 | Jan 19, 2018 | A | 40,000 | A | — | Jan 18, 2026 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F5,F3,F9 | $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)F7,F3,F10 | $5.675 | Jan 19, 2018 | A | 46,666 | A | — | Jan 18, 2026 | Common Stock | 46,666 | 46,666 | D |
Explanation of responses
- F1One-fourth (1/4) of the shares subject to the option vest on December 11, 2015 and one forty-eighth (1/48) of the shares vest monthly thereafter.
- F10Of the 46,666 total shares subject to the option, 15,555 shares vest on January 19, 2019. Of the remaining 31,111 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.
- F2On January 19, 2018, in connection with the Issuer's option exchange program, the Issuer cancelled an option for 60,000 shares of common stock granted to the Reporting Person on December 11, 2014. In exchange, the Reporting Person received an option grant for 40,000 shares of common stock with exercise price of $5.675 per share.
- F3In addition to the options acquired and disposed of as set forth in Table II, the Reporting Person currently holds options to purchase up to an aggregate of 272,883 shares of common stock, which options vest according to their terms.
- F4One-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.
- F5On 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.
- F6One-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.
- F7On 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 6, 2017. In exchange, the Reporting Person received an option grant for 46,666 shares of common stock with exercise price of $5.675 per share.
- F8Of the 40,000 total shares subject to the option, 35,833 shares vest on January 19, 2019. Of the remaining 4,167 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 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.