SEC Form 3 · accession 0001493152-17-004197
VBI VACCINES INC. · VBIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Baxter
Officer — President and CEO · Director
Period of report
Dec 31, 2016
Accepted (ET)
Apr 19, 2017 · 8:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, no par value per share | holding | — | — | — | 69,005 | 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 (RSUs)F1,F2 | $0.00 | holding | — | — | — | — | Jun 14, 2026 | Common Shares | 93,750 | — | D |
| Option (Right to Buy Common Shares)F3 | $5.06 | holding | — | — | — | — | Nov 13, 2019 | Common Shares | 116,420 | — | D |
| Option (Right to Buy Common Shares)F3 | $2.50 | holding | — | — | — | — | Mar 29, 2022 | Common Shares | 19,771 | — | D |
| Option (Right to Buy Common Shares)F3 | $2.50 | holding | — | — | — | — | Apr 2, 2022 | Common Shares | 15,306 | — | D |
| Option (Right to Buy Common Shares)F4 | $4.13 | holding | — | — | — | — | Jul 25, 2024 | Common Shares | 392,089 | — | D |
| Option (Right to Buy Common Shares)F5 | $4.93 | holding | — | — | — | — | Jul 30, 2025 | Common Shares | 156,062 | — | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive 1 common share of the Issuer upon settlement.
- F2The RSUs vest 1/3 per year over 3 years, beginning on June 22, 2017, subject to continued service through each vesting date.
- F3The option is fully vested.
- F4The option vests 1/48th of the total shares monthly following the grant date of July 25, 2014, subject to continued service through each vesting date.
- F5The option vests 1/48th of the total shares monthly following the grant date of July 30, 2015, subject to continued service through each vesting date.