SEC Form 4 · accession 0001104659-16-153855
Verastem, Inc. · VSTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Berk
Officer — CHIEF MEDICAL OFFICER
Period of report
Oct 29, 2016
Accepted (ET)
Nov 1, 2016 · 8:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001526119
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 | $1.37 | Oct 29, 2016 | A | 50,000 | A | Oct 29, 2016 | Jun 14, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1On June 14, 2016, the Reporting Person was granted an option to purchase 100,000 shares of common stock. The option vests based on the Issuer's satisfaction of certain performance milestones by the end of June, 2017 and the end of June, 2018. 50% of the performance criteria was met on October 29, 2016, resulting in vesting of the option as to 50,000 shares.