SEC Form 4 · accession 0001209191-17-033749
QUIDEL CORP /DE/ · QDEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth F Buechler
Director
Period of report
May 16, 2017
Accepted (ET)
May 18, 2017 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000353569
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 16, 2017 | A | 3,725 | $0.00 | A | 21,155 | D | |
| Common StockF2 | May 17, 2017 | M | 1,263 | $0.00 | A | 22,418 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Premium)F4,F3,F5 | — | May 16, 2017 | A | 745 | A | — | — | Common Stock | 745 | 745 | D |
| Restricted Stock Units (Equity Grant)F3,F5 | — | May 16, 2017 | A | 2,328 | A | — | — | Common Stock | 2,328 | 2,328 | D |
| Non-Qualified Stock Options | $24.80 | May 16, 2017 | A | 5,851 | A | May 16, 2018 | May 16, 2027 | Common Stock | 5,851 | 5,851 | D |
Explanation of responses
- F1The reporting person has received a fully vested stock payment award for shares of the Company's common stock in lieu of cash payments for certain retainer and Board of Director service-related fees under a 2017 compensation program applicable to participating non-employee directors.
- F2Reflects vesting of prior restricted stock units, which were previously reported on a Form 4.
- F3Each restricted stock unit represents the right to receive one share of Quidel Corporation common stock.
- F4The restricted stock units were received in lieu of cash payments to the reporting person for certain retainer and Board of Director service-related fees under a 2017 compensation program applicable to participating non-employee directors. Vested restricted stock units may be deferred, in which case, payment will occur according to the elected deferral schedule.
- F5The restricted stock units vest on the first anniversary date of the grant date, May 16, 2018.