SEC Form 4 · accession 0001596771-16-000157
MetaVia Inc. · MTVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mina Sooch
Officer — President & CEO · Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 3, 2016 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001638287
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,F2 | $10.00 | Sep 30, 2016 | A | 120,000 | A | — | Aug 3, 2026 | Common Stock | 120,000 | 480,000 | D |
Explanation of responses
- F1The reporting person was granted an option to purchase 600,000 shares of common stock effective August 4, 2016. 360,000 of the shares underlying the option award were immediately earned on the date of grant, 120,000 shares underlying the option award are earned upon the initiation of the Company's first clinical trial and 120,000 shares underlying the option award are earned upon the initiation of the Company's second clinical trial. The Company has initiated its first clinical trial, so the 120,000 shares underlying the option award that were subject to the initiation of the Company's first clinical trial have been earned.
- F2The option vests in 48 equal consecutive monthly increments, so that all of the shares will be vested on the fourth anniversary of the date of grant.