SEC Form 4 · accession 0001209191-17-064687
Karyopharm Therapeutics Inc. · KPTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Kauffman
Officer — Chief Executive Officer · Director
Period of report
Dec 7, 2017
Accepted (ET)
Dec 8, 2017 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001503802
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 7, 2017 | M | 10,000 | $0.264 | A | 723,510 | I | By Spouse |
| Common StockF3 | Dec 7, 2017 | S | 10,000 | $10.3903 | D | 713,510 | I | By Spouse |
| Common StockF4 | holding | — | — | — | 512,143 | D | ||
| Common StockF5 | holding | — | — | — | 47,309 | I | By GRAT | |
| Common StockF6 | holding | — | — | — | 47,309 | I | By Spouse's GRAT |
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)F7 | $0.264 | Dec 7, 2017 | M | 10,000 | D | — | Dec 13, 2021 | Common Stock | 10,000 | 29,394 | I |
Explanation of responses
- F1These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the spouse of the reporting person.
- F2Reflects the contribution of 60,000 shares previously owned directly by the spouse of the reporting person to the Sharon Shacham 2016 Qualified Annuity Interest Trust ("Spouse's GRAT") on September 9, 2016 and the transfer of 12,691 shares from the Spouse's GRAT to the spouse of the reporting person on November 6, 2017.
- F3Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $10.14 to $10.48, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4Reflects the contribution of 60,000 shares previously owned directly to the Michael G. Kauffman 2016 Qualified Annuity Interest Trust (the "GRAT") on September 9, 2016 and the transfer of 12,691 shares from the GRAT to the reporting person on November 6, 2017.
- F5These shares are held by the GRAT.
- F6These shares are held by the Spouse's GRAT.
- F7This option, representing a right to purchase a specified number of shares, vested as to 25% of the shares on December 12, 2012, and the remaining 75% vested in 36 equal monthly installments thereafter.