SEC Form 4 · accession 0001209191-15-062407
LANNETT CO INC · LCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin P Galvan
Officer — VP of Finance & CFO
Period of report
Jul 22, 2015
Accepted (ET)
Jul 24, 2015 · 4:46 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 StockF1 | Jul 22, 2015 | A | 4,040 | $0.00 | A | 36,247 | D | |
| Common StockF2 | Jul 23, 2015 | F | 850 | $58.19 | D | 35,397 | 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)F3 | $59.20 | Jul 22, 2015 | A | 8,990 | A | — | Jul 21, 2025 | Common Stock | 8,990 | 8,990 | D |
Explanation of responses
- F1Represents restricted stock awards, vesting in 1/3 annual increments on 7/22/2016, 7/22/2017, and 7/22/2018.
- F2Shares were withheld by the Company to satisfy tax withholding obligations related to a vesting of restricted stock on 7/23/2015.
- F3Exercisable in 1/3 annual increments on 7/22/2016, 7/22/2017, and 7/22/2018.