SEC Form 3 · accession 0000899243-17-008588
Valeritas Holdings Inc. · VLRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark William Conley
Officer — See Remarks
Period of report
Mar 22, 2017
Accepted (ET)
Mar 24, 2017 · 7:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001619250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 2,250 | 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 Option (right to buy)F2 | $40.00 | holding | — | — | — | — | May 3, 2026 | Common Stock | 8,875 | — | D |
Explanation of responses
- F1The shares of restricted stock held by Mr. Conley vest on the earliest of (a) the sixth month anniversary of the date on which the issuer's common stock is listed on Nasdaq, (b) May 3, 2019, (c) Mr. Conley's termination of service due to Involuntary Termination (as defined in the issuer's 2016 Incentive Compensation Plan (the "Plan")), death or Permanent Disability (as defined in the Plan) and (d) a Change in Control (as defined in the Plan).
- F233% of the shares underlying the option will vest on May 3, 2017, which is one year after the date of grant. The remaining shares will vest in substantially equal monthly installments over 24 months.
Remarks
Vice President, Corporate Controller and Treasurer