SEC Form 4 · accession 0001728383-18-000004
Valeritas Holdings Inc. · VLRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Saldanha
Officer — See Remarks
Period of report
Jan 29, 2018
Accepted (ET)
Jan 29, 2018 · 6:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001619250
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 | $3.43 | Jan 29, 2018 | A | 60,000 | A | — | Jan 29, 2028 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1The option vests as follows: 25% of the shares will vest on the first anniversary of the date of the grant and the remaining 75% of the shares will vest in equal monthly installments thereafter such that the option will be fully vested on January 29, 2022. The option was granted pursuant to an inducement award agreement outside of the Issuer's 2016 Incentive Compensation Plan as a material inducement to theReporting Person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4).
Remarks
Chief Business Officer