SEC Form 4 · accession 0001179110-17-006000
Sientra, Inc. · SIEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M Nugent
Officer — Chief Executive Officer · Director · Other
Period of report
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 2:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001551693
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock (RSU) | Apr 12, 2017 | A | 180,000 | $0.00 | A | 197,993 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These restricted stock units vest in multiple installments over time as follows: (1) 60,000 vest immediately upon grant; (2) 60,000 vest (i) 20,000 on January 1, 2018, (ii) 20,000 on January 1, 2019 and (iii) 20,000 on January 1, 2020; and (3) 60,000 vest (i) 20,000 when the consecutive 30 day average closing price of the Issuer's Common Stock, as quoted on NASDAQ, is $15 per share, (ii) 20,000 when the consecutive 30 day average closing price of the Issuer's Common Stock, as quoted on NASDAQ, is $20 per share, and (iii) 20,000 when the consecutive 30 day average closing price of the Issuer's Common Stock, as quoted on NASDAQ, is $25 per share. Vesting subject to Reporting Person's continuous service.