SEC Form 4 · accession 0001127602-19-007251
BIOGEN INC. · BIIB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Ehlers
Officer — EVP, Research and Development
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 5:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875045
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 15, 2019 | M | 1,685 | $0.00 | A | 8,526 | D | |
| Common Stock | Feb 15, 2019 | F | 749 | $332.87 | D | 7,777 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Feb 15, 2019 | M | 1,685 | D | — | Feb 15, 2020 | Common Stock | 1,685 | 3,757 | D |
| Restricted Stock UnitF2,F1 | $0.00 | Feb 15, 2019 | J | 1,033 | D | — | Feb 15, 2020 | Common Stock | 1,033 | 2,724 | D |
Explanation of responses
- F1The number of RSUs reported represents the maximum possible number of shares that are eligible for vesting, which is 200% of the number of shares at target payout. One-third of these RSUs are eligible to vest on each of the first three anniversaries of the grant date. The actual number of shares that will vest on each vesting date will be determined by comparing the price of Biogen common stock on such vesting date to the price on the grant date (i.e., number of vested shares = number of shares at target payout times [the 30-day average closing stock price ending on the vesting date divided by the 30-day average closing stock price on the grant date]).
- F2This represents the difference between the maximum possible number of shares that were eligible for vesting and the actual number that vested.