SEC Form 4 · accession 0001209191-19-002803
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
Jan 4, 2019
Accepted (ET)
Jan 8, 2019 · 4:42 pm EST
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 Stock | Jan 7, 2019 | M | 9,187 | $17.79 | A | 23,359 | D | |
| Common StockF1 | Jan 7, 2019 | S | 9,187 | $75.00 | D | 14,172 | D | |
| Common StockF2,F3 | Jan 7, 2019 | F | 272 | $74.21 | D | 13,900 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $72.27 | Jan 4, 2019 | A | 6,298 | A | — | Jan 3, 2029 | Common Stock | 6,298 | 6,298 | D |
| Employee Stock Option (right to buy)F5 | $72.27 | Jan 4, 2019 | A | 7,377 | A | — | Jan 3, 2029 | Common Stock | 7,377 | 7,377 | D |
| Non-Qualified Stock Option (right to buy)F6 | $17.79 | Jan 7, 2019 | M | 9,187 | D | — | Jan 18, 2019 | Common Stock | 9,187 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by reporting person.
- F2Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of restricted stock units previously reported in Table I as common stock.
- F3This includes an aggregate of 4,797 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
- F4Beginning January 4, 2019, options become exercisable in 37 installments, with the first 25.00% vesting on July 2, 2019 and the remainder vesting monthly over three years.
- F5Beginning January 4, 2019, options become exercisable in full on January 4, 2023.
- F6Beginning 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