SEC Form 4 · accession 0000820081-16-000054
CAMBREX CORP · CBM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Klosk
Officer — President & CEO · Director
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000820081
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 3, 2016 | M | 3,500 | $4.38 | A | 136,828 | D | |
| Common StockF1 | May 3, 2016 | S | 3,500 | $49.51 | D | 133,328 | D | |
| Common Stock | May 5, 2016 | M | 12,930 | $4.38 | A | 146,258 | D | |
| Common StockF2 | May 5, 2016 | S | 12,930 | $49.03 | D | 133,328 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $4.38 | May 3, 2016 | M | 3,500 | A | — | Apr 21, 2017 | Common Stock | 3,500 | 26,935 | D |
| Stock Option (right to buy)F3 | $4.38 | May 5, 2016 | M | 12,930 | A | — | Apr 21, 2017 | Common Stock | 12,930 | 14,005 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.50 to $49.53 inclusive. The reporting person undertakes to provide to Cambrex Corporation, any security holder of Cambrex 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 range set forth in Footnote 1 to the Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.00 to $49.25 inclusive. The reporting person undertakes to provide to Cambrex Corporation, any security holder of Cambrex 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 range set forth in Footnote 2 to the Form 4.
- F3The option representing a right to purchase 150,000 shares became exercisable in four equal installments beginning April 21, 2011 which was the first anniversary of the date on which the option was granted.