SEC Form 4 · accession 0001638599-16-000494
Lipocine Inc. · LPCN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mahesh V. Patel
Officer — CEO and President · Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 5:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001535955
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 | $12.92 | Jan 5, 2016 | A | 140,000 | A | Jan 5, 2017 | Jan 5, 2026 | Common Stock | 140,000 | 140,000 | D |
Explanation of responses
- F1Subject to vesting whereby 1/3 of the shares subject to the award will vest on the one year anniversary of January 5, 2017, while the remaining 2/3 of the shares subject to the award vesting monthly on a prorata basis over the following two years