SEC Form 4 · accession 0001104659-15-012638

NPS PHARMACEUTICALS INC · NPSP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Roger Garceau

Officer — SVP & CMO

Period of report

Feb 7, 2015

Accepted (ET)

Feb 20, 2015 · 4:46 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000890465

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1,F2	Feb 7, 2015	J	15,168	—	A	41,448	D
Common Stock	Feb 7, 2015	F	5,438	$45.85	D	36,010	D
Common Stock^F4	Feb 12, 2015	M	3,832	—	A	39,842	D
Common Stock	Feb 12, 2015	F	1,564	$45.85	D	38,278	D
Common Stock^F4	Feb 13, 2015	M	10,531	—	A	48,809	D
Common Stock	Feb 13, 2015	F	5,460	$45.88	D	43,349	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 Units^F5,F6	—	Feb 12, 2015	M	3,832	D	—	—	Common Stock	3,832	7,665	D
Restricted Stock Units^F5,F7	—	Feb 12, 2015	A	10,905	A	—	—	Common Stock	10,905	10,905	D
Restricted Stock Units^F5,F8	—	Feb 13, 2015	M	10,531	D	—	—	Common Stock	10,531	10,531	D

Explanation of responses

F1Shares acquired upon vesting of Restricted Stock Units granted to the Reporting Person on February 7, 2012 and reported on a Form 4 filed on February 9, 2012.
F2The Reporting Person reported all Restricted Stock Units granted to the Reporting Person on February 7, 2012 in Table I of the Form 4 filed on February 9, 2012. As such, no adjustment to the Reporting Person's beneficial ownership needs to be made to reflect this vesting event.
F3Shares were withheld from the Reporting Person, in an exempt transaction under Rule 16b-3, solely to satisfy tax obligations arising from the vesting of the Restricted Stock Units described in this Form 4.
F4Each vested Restricted Stock Unit is the economic equivalent of one share of common stock of NPS Pharmaceuticals, Inc. (the "Issuer"). The vested Restricted Stock Units were settled for shares of the Issuer's common stock.
F5Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock.
F6On February 12, 2014, the Restricted Stock Units were granted with one third vesting on the first anniversary of the date of grant, one third vesting on the second anniversary of the date of grant and the remaining vesting on the third anniversary of the date of grant.
F7Restricted Stock Units will vest as follows: (i) one third will vest on the first anniversary of date of grant, (ii) one third on the second anniversary of date of grant, and (iii) one third on the third anniversary of date of grant. Vested shares will be delivered to the Reporting Person as soon as administratively practicable following the vesting of the Restricted Stock Units.
F8On February 13, 2013, the Restricted Stock Units were granted with (i) one third vesting on the first anniversary of the date of grant, (ii) one third vesting on the second anniversary of the date of grant and (iii) the remaining vesting on the third anniversary of the date of grant.