SEC Form 4 · accession 0000899243-15-001326
IMMUNOMEDICS INC · IMMU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia L Goldenberg
Officer — President and CEO · Director
Period of report
Jul 14, 2015
Accepted (ET)
Jul 16, 2015 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000722830
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2,F1 | — | Jul 14, 2015 | A | 1,500,000 | A | — | Jul 14, 2020 | Common Stock, par value $0.01 per share | 1,500,000 | 1,500,000 | I |
Explanation of responses
- F1Each performance right represents a contingent right to receive one share of Immunomedics, Inc. common stock. The performance rights will vest (i) as to 500,000 shares (a) on or after the third anniversary of the grant date and (b) upon Immunomedics, Inc. common stock achieving a fair market value of $7.35 or higher based on the average closing price for the prior 30 consecutive trading days; (ii) as to 500,000 shares (a) on or after the third anniversary of the grant date and (b) upon Immunomedics, Inc. common stock achieving a fair market value of $11.00 or higher based on the average closing price for the prior 30 consecutive trading days; and (iii) as to 500,000 shares (a) on or after the third anniversary of the grant date and (b) upon Immunomedics, Inc. common stock achieving a fair market value of $15.00 or higher based on the average closing price for the prior 30 consecutive trading days.
- F2The reporting person's spouse was granted these performance rights under the Issuer's 2014 Long-Term Incentive Plan.