SEC Form 4 · accession 0001209191-18-004968
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
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 5:36 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 | 130,000 | D | — | Dec 10, 2024 | Common Stock | 130,000 | 0 | D |
| Employee Stock Option (right to buy)F5,F3,F4 | $14.44 | Jan 19, 2018 | D | 230,000 | D | — | Feb 28, 2026 | Common Stock | 230,000 | 0 | D |
| Employee Stock Option (right to buy)F7,F3,F6 | $14.00 | Jan 19, 2018 | D | 200,000 | D | — | Mar 5, 2027 | Common Stock | 200,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3,F8 | $5.675 | Jan 19, 2018 | A | 86,666 | A | — | Jan 18, 2026 | Common Stock | 86,666 | 86,666 | D |
| Employee Stock Option (right to buy)F5,F3,F9 | $5.675 | Jan 19, 2018 | A | 153,333 | A | — | Jan 18, 2026 | Common Stock | 153,333 | 153,333 | D |
| Employee Stock Option (right to buy)F7,F3,F10 | $5.675 | Jan 19, 2018 | A | 133,333 | A | — | Jan 18, 2026 | Common Stock | 133,333 | 133,333 | 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 133,333 total shares subject to the option, 44,444 shares vest on January 19, 2019. Of the remaining 88,889 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.
- F2On January 19, 2018, in connection with the Issuer's option exchange program, the Issuer cancelled an option for 130,000 shares of common stock granted to the Reporting Person on December 11, 2014. In exchange, the Reporting Person received an option grant for 86,666 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 785,730 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 230,000 shares of common stock granted to the Reporting Person on March 1, 2016. In exchange, the Reporting Person received an option grant for 153,333 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 200,000 shares of common stock granted to the Reporting Person on March 6, 2017. In exchange, the Reporting Person received an option grant for 133,333 shares of common stock with exercise price of $5.675 per share.
- F8Of the 86,666 total shares subject to the option, 77,638 shares vest on January 19, 2019. Of the remaining 9,028 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 153,333 total shares subject to the option, 89,444 shares vest on January 19, 2019. Of the remaining 63,889 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.