SEC Form 4 · accession 0001179110-18-005642
Natera, Inc. · NTRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Rabinowitz
Officer — Chief Executive Officer · Director
Period of report
Apr 11, 2018
Accepted (ET)
Apr 13, 2018 · 6:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604821
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $10.41 | Apr 11, 2018 | A | 75,000 | A | Apr 11, 2018 | Jun 8, 2027 | Common Stock | 75,000 | 75,000 | D |
| Stock Option (right to buy)F2 | $10.29 | Apr 13, 2018 | A | 20,180 | A | — | Apr 12, 2028 | Common Stock | 20,180 | 20,180 | D |
| Restricted Stock UnitsF3,F4 | — | Apr 13, 2018 | A | 4,910 | A | — | — | Common Stock | 4,910 | 4,910 | D |
Explanation of responses
- F1On June 9, 2017, the reporting person was granted options to purchase 200,000 shares of common stock. The options vest based on Natera's satisfaction of certain performance criteria during the three-year period ending June 8, 2020. On April 11, 2018, the Company's Compensation Committee determined that the performance criteria related to 75,000 of the option shares had been satisfied. Such shares will vest in substantially equal quarterly installments following the completion by the reporting person of continuous service following April 11, 2018.
- F2The option shares vest over four years. 25% of the option shares vest and become exercisable on April 13, 2019 and the remaining shares vest in 36 equal monthly installments thereafter.
- F3Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Common Stock of the Issuer.
- F4The RSUs vest over four years. 25% of the RSUs vest on April 13, 2019 and the remaining shares vest in 12 equal quarterly installments thereafter.