SEC Form 4 · accession 0001562180-16-002999
Dermira, Inc. · DERM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher M. Griffith
Officer — VP Corp. Dev. & Strategy
Period of report
Aug 15, 2016
Accepted (ET)
Aug 16, 2016 · 4:13 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 | Aug 15, 2016 | M | 287 | $1.74 | A | 44,941 | D | |
| Common Stock | Aug 15, 2016 | M | 1,016 | $1.218 | A | 45,957 | D | |
| Common StockF2 | Aug 15, 2016 | S | 1,303 | $31.75 | D | 44,654 | D | |
| Common Stock | Aug 15, 2016 | M | 360 | $0.00 | A | 45,014 | D | |
| Common StockF3 | Aug 15, 2016 | F | 136 | $31.59 | D | 44,878 | 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 Options (Right to buy)F4 | $1.74 | Aug 15, 2016 | M | 287 | D | — | Feb 6, 2024 | Common Stock | 287 | 6,035 | D |
| Employee Stock Options (Right to buy)F5 | $1.218 | Aug 15, 2016 | M | 1,016 | D | — | Jan 3, 2023 | Common Stock | 1,016 | 53,674 | D |
| Restricted Stock UnitF6,F7 | — | Aug 15, 2016 | M | 360 | D | — | — | Common Stock | 360 | 3,235 | 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 $31.53 to $31.99. 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 include prior ESPP purchases.
- F425% of the total shares underlying the option vested and became exercisable on February 9, 2015 (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.
- F525% of the total shares underlying the option vested and became exercisable on January 4, 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.
- F6Each RSU represents a contingent right to receive one share of DERM common stock.
- F7Vested as to 10% of the shares on August 15, 2016, Will vest 30% on August 15, 2017, 30% on August 15, 2018, 30% on August 15,2019, subject to the continuing employment of the Reporting Person on each vesting date.