SEC Form 4 · accession 0000899243-17-022831
EXICURE, INC. · XCUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Giljohann
Officer — Chief Executive Officer · Director
Period of report
Sep 26, 2017
Accepted (ET)
Sep 28, 2017 · 9:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001698530
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 26, 2017 | P | 16,666 | $3.00 | A | 16,666 | 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)F1,F2 | $0.65 | Sep 26, 2017 | A | 24,824 | A | Nov 20, 2016 | Nov 20, 2022 | Common Stock | 24,824 | 24,824 | D |
| Employee Stock Option (right to buy)F1,F2 | $0.65 | Sep 26, 2017 | A | 24,824 | A | Dec 31, 2016 | Dec 31, 2022 | Common Stock | 24,824 | 24,824 | D |
| Employee Stock Option (right to buy)F1,F2,F3 | $0.65 | Sep 26, 2017 | A | 248,372 | A | — | Jan 29, 2024 | Common Stock | 248,372 | 248,372 | D |
| Employee Stock Option (right to buy)F1,F2,F4 | $1.03 | Sep 26, 2017 | A | 347,543 | A | — | Apr 28, 2025 | Common Stock | 347,543 | 347,543 | D |
| Employee Stock Option (right to buy)F1,F2,F5 | $1.98 | Sep 26, 2017 | A | 709,145 | A | — | Nov 24, 2025 | Common Stock | 709,145 | 709,145 | D |
| Employee Stock Option (right to buy)F1,F2,F6 | $4.21 | Sep 26, 2017 | A | 496,489 | A | — | Jan 4, 2027 | Common Stock | 496,489 | 496,489 | D |
Explanation of responses
- F1Pursuant to that certain Agreement and Plan of Merger and Reorganization (the "Merger Agreement"), dated as of September 26, 2017, by and among the Issuer then known as Max-1 Acquisition Corporation, Max-1 Acquisition Sub, Inc. and the corporation then known as Exicure, Inc. ("Exicure OpCo"), each outstanding share of Exicure OpCo capital stock (other than shares of Series C Preferred Stock of Exicure OpCo) was converted into 0.49649 shares of the Issuer's common stock (the "Conversion Ratio") and each outstanding share of Series C Preferred Stock of Exicure OpCo was converted into 0.7666652 shares of the Issuer's common stock (the "Series C Conversion Ratio").
- F2Each option to purchase shares of Exicure OpCo outstanding and unexercised was assumed by the Issuer pursuant to the Merger Agreement and was converted into an option, subject to vesting, to purchase shares of common stock of the Issuer, with the number of shares of the Issuer's common stock underlying such option and the exercises price for such option adjusted to reflect the Conversion Ratio.
- F3This option vested 25% on January 29, 2015, and the remaining 75% vests in 36 substantially equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer and certain change of control provisions
- F4This option vests in 48 substantially equal monthly installments from February 20, 2015, subject to the Reporting Person's continued service with the Issuer and certain change of control provisions
- F5This option vests in 48 substantially equal monthly installments from November 24, 2015, subject to the Reporting Person's continued service with the Issuer and certain change of control provisions
- F6This option vests in 48 substantially equal monthly installments from December 15, 2016, subject to the Reporting Person's continued service with the Issuer and certain change of control provisions
Remarks
Ex. 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by the Reporting Person on September 28, 2017)