SEC Form 4 · accession 0001209191-17-044425
INCYTE CORP · INCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Trower
Officer — Principal Accounting Officer
Period of report
Jul 5, 2017
Accepted (ET)
Jul 7, 2017 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879169
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 5, 2017 | A | 1,198 | $0.00 | A | 12,148 | D | |
| Common Stock | Jul 5, 2017 | M | 3,000 | $17.79 | A | 15,148 | D | |
| Common StockF2,F3,F4,F5 | Jul 5, 2017 | S | 3,000 | $126.18 | D | 12,148 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F6 | $128.34 | Jul 5, 2017 | A | 2,539 | A | — | Jul 4, 2027 | Common Stock | 2,539 | 2,539 | D |
| Incentive Stock Option (right to buy)F6 | $128.34 | Jul 5, 2017 | A | 216 | A | — | Jul 4, 2027 | Common Stock | 216 | 216 | D |
| Non-Qualified Stock Option (right to buy)F7 | $17.79 | Jul 5, 2017 | M | 3,000 | D | — | Jan 18, 2019 | Common Stock | 3,000 | 25,187 | D |
Explanation of responses
- F1Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years, subject to Mr. Trower's continued service with the Issuer through the applicable vesting dates. The RSUs may be settled only for shares of common stock on a one-for-one basis.
- F2This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by reporting person.
- F3Represents weighted average sale price. Actual sale prices ranged from $125.47 - $126.76.
- F4Reporting person undertakes to provide upon request by Securites and Exchange Commission, the issuer or a securityholder of the issuer detailed information regarding the price and number of shares sold within range indicated.
- F5Includes an aggregate of 4,380 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- F6Beginning July 5, 2017, options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.
- F7Beginning January 19, 2012, options become exercisable in 25 installments, with the first 33.33% vesting after one year and the remainder vesting monthly over two years.