SEC Form 4 · accession 0001209191-16-098228
AveXis, Inc. · AVXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bong Y Koh
Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 6:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001652923
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F1 | $20.00 | Feb 10, 2016 | A | 18,111 | A | — | Feb 10, 2026 | Common Stock | 18,111 | 18,111 | D |
| Stock Option (Right to Buy)F2,F3 | $20.00 | Feb 10, 2016 | A | 8,385 | A | — | Feb 10, 2026 | Common Stock | 8,385 | 8,385 | D |
Explanation of responses
- F1The option shall vest and become exercisable with respect to one-third of the shares on February 10, 2017; the remaining shares shall vest and become exercisable in twenty-four equal monthly installments thereafter, subject to the Reporting Person's Continuous Service, as that term is defined in the Issuer's 2016 Equity Incentive Plan (the "Plan") through each such date.
- F2The Reporting Person is a member of VR Management, LLC ("Management Company"). Under an agreement between the Reporting Person and the Management Company, the Reporting Person is deemed to hold the reported shares for the sole benefit of the Management Company and must exercise the reported shares solely upon the direction of the Management Company, which is entitled to the shares. The Management Company may be deemed the indirect beneficial owner of the reported shares, and the Reporting Person may be deemed the indirect beneficial owner of the reported shares through his interest in the Management Company. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
- F3The option shall vest and become exercisable (i) in twelve equal monthly installments beginning on March 10, 2016, or (ii) on the date of the Issuer's next annual stockholder meeting, whichever comes first, in each case subject to the Reporting Person's Continuous Service (as that term is defined in the Plan) through each such date.