SEC Form 4/A · accession 0001209191-15-050818
Adverum Biotechnologies, Inc. · ADVM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mehdi Gasmi
Officer — VP, Pharmaceutical Development
Period of report
May 28, 2015
Accepted (ET)
Jun 5, 2015 · 8:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001501756
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 28, 2015 | M | 500 | $2.75 | A | 7,500 | D | |
| Common StockF3 | May 28, 2015 | S | 500 | $38.018 | D | 7,000 | D |
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)F4 | $2.75 | May 28, 2015 | M | 500 | D | — | Mar 4, 2024 | Common Stock | 500 | 96,000 | D |
Explanation of responses
- F1This amendment is being filed to correct an administrative error regarding the signatory of the Form 4.
- F2Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
- F3This transaction was executed in multiple trades in prices ranging from $37.53 to $38.32, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F4Twenty-five percent (25%) of the shares subject to the option vested and became exercisable on the first anniversary measured from March 5, 2014, and the remaining shares subject to the option vest and become exercisable in 36 successive, equal monthly installments thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.
Remarks
This amendment is being filed to correct an administrative error regarding the signatory of the Form 4.