SEC Form 4 · accession 0000791908-16-000135
XOMA Royalty Corp · XOMA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D Rubin
Officer — Sr. VP Clinical Dev. & CMO
Period of report
Mar 18, 2016
Accepted (ET)
Mar 22, 2016 · 9:01 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 | Mar 18, 2016 | M | 12,141 | $0.00 | A | 350,795 | D | |
| Common SharesF3 | Mar 22, 2016 | S | 24,194 | $0.7847 | D | 326,601 | D | |
| Common Shares | holding | — | — | — | 13,422 | I | by 401(k) |
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 | Mar 18, 2016 | M | 12,141 | D | Mar 18, 2014 | Mar 18, 2016 | Common Shares | 12,141 | 0 | D |
Explanation of responses
- F1These restricted stock units are scheduled to vest in substantially equal installments annually over three years, with the first installment vesting on March 18, 2014.
- 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 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 incentive plan.