SEC Form 4 · accession 0000711377-19-000001
NEOGEN CORP · NEOG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Herbert
Director · Other
Period of report
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000711377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 22, 2019 | M | 25,334 | $40.4625 | A | 761,818 | D | |
| Coommon Stock | Jan 22, 2019 | S | 25,334 | $60.0052 | D | 736,484 | D | |
| Common Stock | Jan 22, 2019 | S | 10,000 | $60.241 | D | 726,484 | D | |
| Common StockF2 | Jan 22, 2019 | S | 10,000 | $60.00 | D | 403,035 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (right to Buy)F1 | $40.4625 | Jan 22, 2019 | M | 25,334 | D | — | Oct 29, 2021 | Common Stock | 25,334 | 276,767 | D |
Explanation of responses
- F1Options were granted 9/29/2016, have five year lives, and vest in equal 20% annual installments on each of the first five anniversary dates of the grant
- F2These shares were sold out of a charitable remainder trust in which Mr. Herbert and his spouse are beneficiaries and trustees; 98,783 shares remain in the trust. An additional 144,280 shares are held in trust for Mr. Herbert's spouse. The remaining shares are held in limited liability companies in which Mr. Herbert and his spouse have minority financial position.