SEC Form 4 · accession 0001209191-18-002591
Intra-Cellular Therapies, Inc. · ITCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Davis
Officer — SVP, Chief Scientific Officer
Period of report
Jan 3, 2018
Accepted (ET)
Jan 5, 2018 · 8:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001567514
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 3, 2018 | M | 2,648 | — | A | 30,512 | D | |
| Common Stock | Jan 4, 2018 | S | 1,115 | $15.60 | D | 29,397 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Jan 3, 2018 | M | 2,648 | D | — | — | Common Stock | 2,648 | 5,298 | D |
| Stock Option (right to buy)F5 | $15.47 | Jan 3, 2018 | A | 65,164 | A | — | Jan 3, 2028 | Common Stock | 65,164 | 65,164 | D |
| Restricted Stock UnitsF3,F6 | — | Jan 3, 2018 | A | 48,480 | A | — | — | Common Stock | 48,480 | 48,480 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2017. The proceeds from this sale will be used primarily to cover the reporting person's tax liability arising from the vesting of restricted stock units.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4On January 3, 2017, the reporting person was granted 7,946 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F5On January 3, 2018, the reporting person was granted options to purchase 65,164 shares of common stock, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F6On January 3, 2018, the reporting person was granted 48,480 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.