SEC Form 4 · accession 0001562180-19-001473
Sage Therapeutics, Inc. · SAGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Paul
Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001597553
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 25, 2019 | S | 500 | $161.00 | D | 72,400 | I | See footnote (2) |
| Common Stock | Feb 25, 2019 | S | 500 | $161.00 | D | 71,900 | I | See footnote (3) |
| Common Stock | Feb 25, 2019 | S | 500 | $161.00 | D | 71,400 | I | See footnote (4) |
| Common Stock | Feb 25, 2019 | S | 500 | $161.00 | D | 70,900 | I | See footnote (5) |
| Common Stock | Feb 25, 2019 | G | 122,400 | $0.00 | D | 119,295 | I | See footnote (6) |
| Common Stock | Feb 25, 2019 | G | 30,600 | $0.00 | A | 101,500 | I | See footnote (7) |
| Common Stock | Feb 25, 2019 | G | 30,600 | $0.00 | A | 132,100 | I | See footnote (8) |
| Common Stock | Feb 25, 2019 | G | 30,600 | $0.00 | A | 162,700 | I | See footnote (9) |
| Common Stock | Feb 25, 2019 | G | 30,600 | $0.00 | A | 193,300 | I | See footnote (10) |
| Common Stock | holding | — | — | — | 272,777 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported on this Form 4 were effected by the Aaron Paul Trust, the Austin Paul Trust, the Jordan Fisch Trust and the McGill Trust pursuant to trading plans adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
- F10Represents 48,389 shares held directly by the McGill Trust; 48,066 shares held directly by the Jordan Fisch Trust; 48,357 shares held directly by the Aaron Paul Trust; and 48,488 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F2Represents 17,789 shares held directly by the McGill Trust; 17,966 shares held directly by the Jordan Fisch Trust; 18,257 shares held directly by the Aaron Paul Trust; and 18,388 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F3Represents 17,789 shares held directly by the McGill Trust; 17,966 shares held directly by the Jordan Fisch Trust; 17,757 shares held directly by the Aaron Paul Trust; and 18,388 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F4Represents 17,789 shares held directly by the McGill Trust; 17,466 shares held directly by the Jordan Fisch Trust; 17,757 shares held directly by the Aaron Paul Trust; and 18,388 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F5Represents 17,789 shares held directly by the McGill Trust; 17,466 shares held directly by the Jordan Fisch Trust; 17,757 shares held directly by the Aaron Paul Trust; and 17,888 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F6Represents 119,295 shares held in the Steven M Paul Family 2018 Delaware Irrevocable Trust FBO Jann Paul of which the trustee is J.P. Morgan and for which the reporting person is an investment adviser. The reporting person disclaims Section 16 beneficial ownership of the shares held in this trust, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F7Represents 48,389 shares held directly by the McGill Trust; 17,466 shares held directly by the Jordan Fisch Trust; 17,757 shares held directly by the Aaron Paul Trust; and 17,888 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F8Represents 48,389 shares held directly by the McGill Trust; 48,066 shares held directly by the Jordan Fisch Trust; 17,757 shares held directly by the Aaron Paul Trust; and 17,888 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F9Represents 48,389 shares held directly by the McGill Trust; 48,066 shares held directly by the Jordan Fisch Trust; 48,357 shares held directly by the Aaron Paul Trust; and 17,888 shares held directly by the Austin Paul Trust. The reporting person disclaims Section 16 beneficial ownership of the shares held in each of these trusts, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.