SEC Form 4 · accession 0001562180-16-002700
Dermira, Inc. · DERM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luis C. Pena
Officer — Chief Development Officer
Period of report
Jun 23, 2016
Accepted (ET)
Jun 24, 2016 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001557883
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 23, 2016 | M | 10,000 | $1.74 | A | 14,653 | D | |
| Common StockF2,F3 | Jun 23, 2016 | S | 10,000 | $30.01 | D | 4,653 | D |
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)F4 | $1.74 | Jun 23, 2016 | M | 10,000 | D | — | Jul 10, 2023 | Common Stock | 10,000 | 71,397 | D |
Explanation of responses
- F1These trades were made pursuant to a Rule 10b5-1 trading plan.
- F2This transaction was executed in multiple trades at prices ranging from $30.00 to $30.09. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3These shares represent prior ESPP purchases.
- F425% of the total shares underlying the option vested and became exercisable on July 11, 2014 (the one-year anniversary of the vesting commencement date) and 1/48 of the total shares underlying the option vest and become exercisable each month thereafter, subject to the continuing employment of the Reporting person on the applicable vesting date.