SEC Form 4 · accession 0001209191-17-046028
VERTEX PHARMACEUTICALS INC / MA · VRTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Parini
Officer — EVP, CL&AO
Period of report
Jul 19, 2017
Accepted (ET)
Jul 21, 2017 · 8:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875320
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 19, 2017 | M | 8,500 | $90.29 | A | 37,309 | D | |
| Common Stock | Jul 19, 2017 | M | 2,329 | $86.52 | A | 39,638 | D | |
| Common Stock | Jul 19, 2017 | S | 10,829 | $161.00 | D | 28,809 | 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)F2 | $90.29 | Jul 19, 2017 | M | 8,500 | D | — | Jul 11, 2026 | Common Stock | 8,500 | 25,500 | D |
| Stock Option (Right to Buy)F3 | $86.52 | Jul 19, 2017 | M | 2,329 | D | — | Feb 2, 2027 | Common Stock | 2,329 | 34,949 | D |
Explanation of responses
- F1Transaction made pursuant to Mr. Parini's company approved trading plan under Rule 10b5-1.
- F2The option vests in 16 quarterly installments from 07/12/2016.
- F3The option vests in 16 quarterly installments from 02/03/2017.