SEC Form 4 · accession 0001179110-17-001837
Sientra, Inc. · SIEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Huiner
Officer — COO & SVP Corp. Dev. Strategy
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 8:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001551693
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $8.50 | Feb 2, 2017 | A | 30,000 | A | — | Feb 2, 2027 | Common Stock | 30,000 | 187,727 | D |
Explanation of responses
- F1The 30,000 option shares will vest and be exercisable in accordance with following vesting criteria: (a) 10,000 option shares shall vest and be exercisable when the consecutive 30-day average closing price of the Issuer's common stock is $15.00 per share or greater, (b) 10,000 options shares shall vest and be exercisable when the consecutive 30-day average closing price of the Issuer's common stock is $20.00 per share or greater, and (c) 10,000 options shares shall vest and be exercisable when the consecutive 30-day average closing price of the Issuer's common stock is $25.00 per share or greater, subject to continued service (as defined in the 2014 Plan) with the Issuer.