SEC Form 4 · accession 0001209191-18-043469
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
Jul 18, 2018
Accepted (ET)
Jul 20, 2018 · 4:23 pm EDT
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 Stock | Jul 18, 2018 | M | 1 | $0.033 | A | 512,144 | D | |
| Common Stock | Jul 18, 2018 | M | 5,757 | $0.264 | A | 517,901 | D | |
| Common Stock | Jul 18, 2018 | M | 4,242 | $4.752 | A | 522,143 | D | |
| Common StockF2 | Jul 18, 2018 | S | 10,000 | $18.2686 | D | 512,143 | D | |
| Common Stock | holding | — | — | — | 713,510 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 47,309 | I | By GRAT | |
| Common StockF4 | 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)F5 | $0.033 | Jul 18, 2018 | M | 1 | D | — | Dec 31, 2020 | Common Stock | 1 | 0 | D |
| Stock Option (right to buy)F6 | $0.264 | Jul 18, 2018 | M | 5,757 | D | — | Dec 13, 2021 | Common Stock | 5,757 | 0 | D |
| Stock Option (right to buy)F7 | $4.752 | Jul 18, 2018 | M | 4,242 | D | — | Sep 2, 2023 | Common Stock | 4,242 | 476,061 | D |
Explanation of responses
- F1These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.50, 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.
- F3These shares are held by the Michael G. Kauffman 2016 Qualified Annuity Interest Trust.
- F4These shares are held by the Sharon Shacham 2016 Qualified Annuity Interest Trust.
- F5This option, representing a right to purchase a specified number of shares, vested as to 25% of the shares on January 1, 2012, and the remaining 75% vested in 36 equal monthly installments thereafter.
- F6This option, representing a right to purchase a specified number of shares, vested as to 25% of the shares on June 18, 2013, and the remaining 75% vested in 36 equal monthly installments thereafter.
- F7This option, representing a right to purchase a specified number of shares, vested as to 25% of the shares on September 3, 2014, and the remaining 75% vested in 36 equal monthly installments thereafter.