SEC Form 4 · accession 0001179110-16-026620
Egalet Corp · EGLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S Radie
Officer — President and CEO · Director
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 1:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001586105
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (Right to Buy)F1,F2 | $8.59 | Jun 15, 2016 | A | 265,000 | A | — | Nov 20, 2025 | Common Stock | 265,000 | 265,000 | D |
Explanation of responses
- F1The grant was approved by the Compensation Committee of Egalet Corporation's board of directors on November 20, 2015, subject to stockholder approval of an increase in the number of shares available for issuance under the Egalet Corporation 2013 Stock-Based Incentive Compensation Plan, pursuant to which the grant was made. Egalet Corporation's stockholders approved the increase on June 15, 2016.
- F2These options to purchase shares of common stock vest with respect to 25% of the shares on November 20, 2016 and for 1/48 of the shares set forth above each month thereafter until the option is 100% vested, subject to the filing person's continued employment.