SEC Form 4 · accession 0001209191-17-014078
Aravive, Inc. · ARAV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Westberg
Officer — SVP and Chief Business Officer
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 8:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001513818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 21, 2017 | M | 18,410 | $1.61 | A | 87,954 | D | |
| Common Stock | Feb 21, 2017 | S | 12,500 | $17.50 | D | 75,454 | D | |
| Common Stock | Feb 21, 2017 | S | 5,910 | $20.00 | D | 69,544 | D | |
| Common Stock | Feb 23, 2017 | M | 6,590 | $1.61 | A | 76,134 | D | |
| Common Stock | Feb 23, 2017 | S | 6,590 | $20.00 | D | 69,544 | 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)F2 | $1.61 | Feb 21, 2017 | M | 15,087 | D | — | Jan 22, 2023 | Common Stock | 15,087 | 506 | D |
| Stock Option (Right to Buy)F3 | $1.61 | Feb 21, 2017 | M | 3,323 | D | — | Jul 14, 2023 | Common Stock | 3,323 | 17,074 | D |
| Stock Option (Right to Buy)F3 | $1.61 | Feb 23, 2017 | M | 6,590 | D | — | Jul 14, 2023 | Common Stock | 6,590 | 10,484 | D |
Explanation of responses
- F1Shares sold pursuant to a 10b5-1 trading plan.
- F2Twenty-Five percent of the shares subject to the option become exercisable one year from 1/23/2013; the remainder become exercisable in equal monthly installments over the following three years.
- F3Twenty-Five percent of the shares subject to the option become exercisable one year from 7/15/2013; the remainder become exercisable in equal monthly installments over the following three years.