SEC Form 4 · accession 0001209191-16-104408
LANNETT CO INC · LCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Ehlinger
Officer — VP of Logistics and CIO
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 4:09 pm EST
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 1, 2016 | M | 6,757 | $3.55 | A | 129,674 | D | |
| Common Stock | Mar 1, 2016 | M | 35,000 | $4.16 | A | 164,674 | D | |
| Common Stock | Mar 1, 2016 | M | 23,333 | $13.86 | A | 188,007 | D | |
| Common Stock | Mar 1, 2016 | S | 69,247 | $25.41 | D | 118,760 | 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 BuyF1 | $3.55 | Mar 1, 2016 | M | 6,757 | D | Aug 25, 2012 | Aug 25, 2021 | Common Stock | 6,757 | 0 | D |
| Stock Option - Right to BuyF2 | $4.16 | Mar 1, 2016 | M | 35,000 | D | Oct 26, 2015 | Oct 25, 2022 | Common Stock | 35,000 | 0 | D |
| Stock Option - Right to BuyF3 | $13.86 | Mar 1, 2016 | M | 23,333 | D | Sep 5, 2015 | Sep 4, 2023 | Common Stock | 23,333 | 11,667 | D |
Explanation of responses
- F1Options became exercisable on 8/25/2012
- F2Options became exercisable in annual installments as follows: 11,666 on 10/26/2013, 11,667 on 10/26/2014, and 11,667 on 10/26/2015.
- F3Options became exercisable in annual installments as follows: 11,666 on 9/5/2014 and 11,667 on 9/5/2015.