SEC Form 4 · accession 0001209191-15-026505
LANNETT CO INC · LCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Schreck
Officer — COO
Period of report
Mar 12, 2015
Accepted (ET)
Mar 16, 2015 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000057725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 12, 2015 | M | 6,950 | $3.55 | A | 176,307 | D | |
| Common StockF1 | Mar 12, 2015 | S | 2,594 | $65.39 | D | 173,713 | D | |
| Common Stock | Mar 12, 2015 | M | 11,667 | $4.16 | A | 185,380 | D | |
| Common StockF1 | Mar 12, 2015 | S | 4,631 | $65.25 | D | 180,749 | D | |
| Common Stock | Mar 12, 2015 | M | 15,000 | $13.86 | A | 195,749 | D | |
| Common StockF1 | Mar 12, 2015 | S | 8,952 | $64.93 | D | 186,797 | D | |
| Common Stock | Mar 13, 2015 | M | 8,334 | $5.02 | A | 195,131 | D | |
| Common Stock | Mar 13, 2015 | M | 16,384 | $3.55 | A | 211,515 | D |
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 | $3.55 | Mar 12, 2015 | M | 6,950 | D | Aug 25, 2014 | Aug 25, 2021 | Common Stock | 6,950 | 0 | D |
| Stock Option - Right to Buy | $4.16 | Mar 12, 2015 | M | 11,667 | D | Oct 26, 2014 | Oct 25, 2022 | Common Stock | 11,667 | 11,667 | D |
| Stock Option - Right to Buy | $13.86 | Mar 12, 2015 | M | 15,000 | D | Sep 5, 2014 | Sep 4, 2023 | Common Stock | 15,000 | 30,000 | D |
| Stock Option - Right to Buy | $5.02 | Mar 13, 2015 | M | 8,334 | D | Jul 8, 2014 | Jul 8, 2021 | Common Stock | 8,334 | 0 | D |
| Stock Option - Right to Buy | $3.55 | Mar 13, 2015 | M | 16,384 | D | Aug 25, 2014 | Aug 25, 2021 | Common Stock | 16,384 | 0 | D |
Explanation of responses
- F1Proceeds from shares sold were used to satisfy the stock option exercise price and tax withholdings.