SEC Form 4 · accession 0001209191-16-140923
LANNETT CO INC · LCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur P Bedrosian
Officer — CEO · Director
Period of report
Sep 9, 2016
Accepted (ET)
Sep 12, 2016 · 4:06 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 | Sep 9, 2016 | M | 20,325 | $6.89 | A | 638,490 | D | |
| Common StockF1 | Sep 9, 2016 | F | 11,682 | $30.42 | D | 626,808 | D | |
| Common Stock | Sep 9, 2016 | M | 50,187 | $4.03 | A | 676,995 | D | |
| Common StockF2 | Sep 9, 2016 | F | 26,250 | $30.42 | D | 650,745 | D | |
| Common Stock | Sep 9, 2016 | M | 24,813 | $4.03 | A | 675,558 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options - Right to BuyF3 | $6.89 | Sep 9, 2016 | M | 20,325 | D | — | Nov 27, 2016 | Common Stock | 20,325 | 0 | D |
| Stock Options - Right to BuyF4 | $4.03 | Sep 9, 2016 | M | 50,187 | D | — | Sep 17, 2017 | Common Stock | 50,187 | 24,813 | D |
| Stock Options - Right to Buy | $4.03 | Sep 9, 2016 | M | 24,813 | D | Sep 17, 2010 | Sep 17, 2017 | Common Stock | 24,813 | 0 | D |
Explanation of responses
- F111,682 shares were withheld by the Company to satisfy the exercise price of stock options and related tax withholdings.
- F226,250 shares were withheld by the Company to satisfy the exercise price of stock options and related tax withholdings.
- F3Options became exercisable as follows: 10,000 on 11/28/2007, 5,163 on 11/27/2008, 5,162 on 11/27/2009.
- F4Options became exercisable as follows: 25,000 on 9/17/2008, 25,000 on 9/17/2009, 187 on 9/17/2010.