SEC Form 4 · accession 0001127602-18-008143
GILEAD SCIENCES, INC. · GILD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Milligan
Officer — President and CEO · Director
Period of report
Feb 15, 2018
Accepted (ET)
Feb 23, 2018 · 7:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000882095
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 15, 2018 | A | 340 | $62.3475 | A | 1,166,264 | D | |
| Common StockF3,F2 | Feb 21, 2018 | A | 48,342 | $0.00 | A | 1,214,606 | D | |
| Common StockF4,F2 | Feb 21, 2018 | A | 7,709 | $0.00 | A | 1,222,315 | D | |
| Common StockF2 | Feb 21, 2018 | F | 8,009 | $80.69 | D | 1,214,306 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were acquired under the Gilead Sciences, Inc. Employee Stock Purchase Plan.
- F2The amount directly beneficially owned by the Reporting Person is restated to include 223,510 shares that was erroneously categorized as being indirectly owned in prior filings. The reported shares now includes community property shares held in a living trust of which the Reporting Person and his spouse are the sole trustees and sole beneficiaries and as to which the Reporting Person has the unilateral right to withdraw such shares. The Reporting Person does not beneficially own any shares indirectly.
- F3Represents shares of the Issuer's common stock subject to specific tranches of the performance share awards made to the Reporting Person on February 1, 2016, and February 2, 2017. Such tranches of shares were subject to both performance-vesting and service-vesting requirements. The performance vesting requirement was satisfied on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of the Issuer's Board of Directors. However, the shares will not be issued to the Reporting Person until such individual satisfies the applicable service-vesting requirements by continuing in the Issuer's employ through December 31, 2018 and December 31, 2019, respectively.
- F4Represents shares of the Issuer's common stock subject to specific tranches of the performance share award made to the Reporting Person on February 1, 2015. Such tranches of shares were subject to performance-vesting and service-vesting requirements and became issuable on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of the Issuer's Board of Directors.