SEC Form 4 · accession 0001209191-18-064113
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 21, 2018
Accepted (ET)
Dec 26, 2018 · 4:55 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $5.80 | Dec 21, 2018 | A | 250,000 | A | Dec 21, 2018 | Jan 31, 2028 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1On February 1, 2018, the Reporting Person was granted an option to purchase 250,000 shares of common stock, which option vests based on the Issuer's satisfaction of certain performance criteria for the year ending December 31, 2018. On December 21, 2018, the Board of Directors certified the applicable performance criteria were achieved.
- F2In addition to the option to purchase 250,000 shares of common stock as set forth on Table II, the Reporting Person currently holds options to purchase up to an aggregate of 1,559,062 shares of common stock, which options vest according to their terms.