SEC Form 3 · accession 0001140361-15-036376
SYNLOGIC, INC. · SYBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Lammers
Officer — President & CEO · Director
Period of report
Sep 30, 2015
Accepted (ET)
Sep 30, 2015 · 7:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001527599
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 6,666 | D | ||
| Common StockF1 | holding | — | — | — | 12,121 | I | See Footnote |
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 | $7.50 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | 10,565 | — | D |
| Stock Option (Right to Buy)F3 | $1.65 | holding | — | — | — | — | Jan 10, 2023 | Common Stock | 134,999 | — | D |
| Stock Option (Right to Buy)F4 | $8.10 | holding | — | — | — | — | Mar 10, 2024 | Common Stock | 72,246 | — | D |
| Stock Option (Right to Buy)F5 | $6.15 | holding | — | — | — | — | Mar 1, 2025 | Common Stock | 20,000 | — | D |
| Stock Option (Right to Buy)F6 | $6.45 | holding | — | — | — | — | Jun 4, 2025 | Common Stock | 131,666 | — | D |
Explanation of responses
- F1The shares are held by Paul Lammers and Ernestine Lammers-Michels as joint tenants with right of survivorship.
- F2The option is fully vested and exercisable.
- F3The option vests with respect to 25% of the shares subject thereto immediately upon grant, with the remaining shares vesting with respect to 1/36 of the remaining shares subject thereto on each monthly anniversary of January 10, 2013, subject to the Reporting Person continuing to provide services to the Issuer through each such vesting date.
- F4The option vests with respect to 25% of the shares subject thereto on March 6, 2015, with the remaining shares vesting with respect to 1/48 of the total shares subject thereto on each monthly anniversary thereafter, subject to the Reporting Person continuing to provide services to the Issuer through each such vesting date.
- F5The option vests with respect to 25% of the shares subject thereto on January 1, 2016, with the remaining shares vesting with respect to 1/48 of the total shares subject thereto on each monthly anniversary thereafter, subject to the Reporting Person continuing to provide services to the Issuer through each such vesting date.
- F6The option vests with respect to 1/48 of the shares subject thereto on each monthly anniversary of May 1, 2015, subject to the Reporting Person continuing to provide services to the Issuer through each such vesting date.