SEC Form 4 · accession 0000789132-15-000004
SPECTRANETICS CORP · SPNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott William Drake
Officer — President, CEO · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 6:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000789132
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| SPNC Common Stock | Jan 2, 2015 | M | 20,000 | $5.63 | A | 64,999 | D | |
| SPNC Common StockF1,F2 | Jan 2, 2015 | S | 20,000 | $34.102 | D | 44,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPNC Stock OptionF3 | $5.63 | Jan 2, 2015 | M | 20,000 | D | — | Aug 10, 2021 | SPNC Common Stock | 20,000 | 297,350 | D |
Explanation of responses
- F1Sold pursuant to Mr. Drake's 10b5-1 plan dated August 27, 2014.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.50 to $35.00, inclusive. The reporting person undertakes to provide to The Spectranetics Corporation, any security holder of The Spectranetics Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3Grant date 8/10/2011. Options vested upon the Company's stock price achieving $10.00 per share and a four year vesting schedule. Options will be fully vested on 8/10/2015. Options expire in 10 years, 08/10/2021.