SEC Form 4 · accession 0000791908-15-000054
XOMA Royalty Corp · XOMA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred Kurland
Officer — CFO & VP Finance
Period of report
Apr 6, 2015
Accepted (ET)
Apr 7, 2015 · 7:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000791908
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Apr 6, 2015 | M | 4,656 | $0.00 | A | 85,454 | D | |
| Common SharesF1,F2 | Apr 6, 2015 | M | 21,750 | $0.00 | A | 107,204 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 9,759 | $3.6074 | D | 97,445 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 1,707 | $3.6074 | D | 95,738 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 1,707 | $3.6074 | D | 94,031 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 1,707 | $3.6074 | D | 92,324 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 7,414 | $3.6074 | D | 84,910 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 7,414 | $3.6074 | D | 77,496 | D | |
| Common SharesF3,F4 | Apr 6, 2015 | D | 5,567 | $3.6074 | D | 71,929 | D | |
| Common SharesF1,F2 | Apr 6, 2015 | M | 3,532 | $0.00 | A | 75,461 | D | |
| Common Shares | holding | — | — | — | 22,137 | I | by 401(k) | |
| Common Shares | holding | — | — | — | 5,254 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | $0.00 | Apr 6, 2015 | M | 4,656 | D | — | Aug 14, 2015 | Common Shares | 4,656 | 0 | D |
| Restricted Stock UnitsF2,F1 | $0.00 | Apr 6, 2015 | M | 21,750 | D | — | Mar 18, 2016 | Common Shares | 21,750 | 0 | D |
| Restricted Stock UnitsF2,F1,F5 | $0.00 | Apr 6, 2015 | M | 3,532 | D | Nov 13, 2012 | — | Common Shares | 3,532 | 0 | D |
Explanation of responses
- F1Pursuant to the award agreement, this award becomes fully vested in connection with Mr. Kurland's retirement on April 3, 2015.
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This nondiscretionary transaction represents the settlement of vested restricted stock units in shares of common stock.
- F3Shares sold on the open market to satisfy the minimum amount of taxes required to be withheld in connection with the vesting of the shares in a non-discretionary transaction pursuant to the reporting person's agreement under the Company's equity incentive plan.
- F4This transaction was executed in multiple trades ranging at prices from $3.50 to $3.66. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- F5These restricted stock units are scheduled to vest in substantially equal installments annually over three years, with the first installment vesting on November 13, 2012.