SEC Form 4 · accession 0001493152-17-003496
VBI Vaccines Inc/BC · VBIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nell Beattie
Officer — Director, Corp Development/IR
Period of report
Apr 3, 2017
Accepted (ET)
Apr 4, 2017 · 6:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764195
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy Common Shares)F1,F2 | $3.79 | Apr 3, 2017 | A | 20,000 | A | — | Jan 26, 2027 | Common Shares | 20,000 | 20,000 | D |
Explanation of responses
- F1The reporting person is a participant in the Issuer's Incentive Plan (the "Plan"). The board of directors of the Issuer approved the option grant on January 26, 2017 (the "Grant Date"). The options were granted pursuant to that certain option agreement entered into by and between the Issuer and the reporting person, dated April 3, 2017 (the "Option Agreement"). The options vest and become exercisable in 48 equal monthly installments beginning on the first day of the month following the Grant Date.
- F2The options expire 10 years from the Grant Date unless terminated sooner in accordance with the Plan or the Option Agreement.