SEC Form 4 · accession 0001140361-16-070514
NOVELION THERAPEUTICS INC. · NVLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Thomas
Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 9:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000827809
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $1.43 | Jun 17, 2016 | A | 50,000 | A | — | Jun 17, 2026 | Common stock | 50,000 | 50,000 | D |
| Phantom StockF3,F7,F4,F5,F6 | — | Jun 17, 2016 | A | 6,400 | A | — | — | Common stock | 6,400 | 28,400 | D |
Explanation of responses
- F1Option exercise price reflects the closing price of the Issuer's common stock on the NASDAQ Stock Market on the June 17, 2016 grant date.
- F2The options vest and become exercisable in thirty-six (36) successive and equal monthly installments from the June 17, 2016 grant date. These options were awarded pursuant to the Issuer's 2000 Incentive Stock Plan, as amended and restated.
- F3Deferred Stock Units ("DSUs") are payable in cash. The DSUs were awarded pursuant to the Issuer's Directors' Deferred Share Unit Plan.
- F4Each DSU, when converted to cash, will be equivalent to the market value of one share of the Issuer's common stock at the time the conversion takes place.
- F5The DSUs vest in thirty-six (36) successive and equal monthly installments beginning on the first day of the first month after the June 17, 2016 grant date.
- F6The DSUs have no fixed expiration date. Any vested DSUs are payable in cash upon the Reporting Person's departure from the Board of Directors of the Issuer, with any unvested DSUs expiring on such date.
- F7Reflects the aggregate amount of DSUs granted to the Reporting Person to date, of which 21,694 DSUs have vested.