SEC Form 4 · accession 0001144204-15-072420
DERMA SCIENCES, INC. · DSCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Quilty
Officer — Former President & CEO
Period of report
Dec 20, 2015
Accepted (ET)
Dec 23, 2015 · 6:01 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000892160
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 20, 2015 | F | 5,094 | $4.48 | D | 188,663 | D | |
| Common StockF2,F3 | Dec 21, 2015 | A | 5,438 | — | A | 194,101 | D | |
| Common StockF4 | Dec 21, 2015 | F | 1,705 | $4.48 | D | 192,396 | 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)F6,F5 | $8.88 | Dec 21, 2015 | A | 18,125 | A | Dec 21, 2015 | Dec 21, 2018 | Common Stock | 18,125 | 0 | D |
Explanation of responses
- F1Shares withheld in connection with the vesting of 16,250 restricted stock units, previously granted pursuant to the issuer's equity incentive plan as reported on December 21, 2012.
- F2The shares of common stock reported herein represent restricted stock units issued under the issuer's equity incentive plan in consideration of the reporting person's services to the issuer and previously granted in February 2015. In consideration for the reporting person's past services to the issuer, 5,438 shares of common stock represented by restricted stock units vested on an accelerated basis. The remaining 9,562 shares of common stock represented by restricted stock units subject to the award are expected to be forfeited subject to final calculation in 2016.
- F3Upon vesting, the reporting person will receive the number of shares of the issuer's common stock equal to the number of restricted stock units previously granted, without the payment of further consideration.
- F4Shares withheld in connection with the vesting of 5,438 restricted stock units, as reported herein.
- F5The options, granted in consideration for the reporting person's past services to the issuer on February 12, 2015 and which were subject to the issuer's satisfaction of certain performance criteria for the fiscal year ending December 31, 2015, vested on an accelerated basis. The remaining 31,875 options subject to the award are expected to be forfeited subject to final calculation in 2016.
- F6The options were originally granted in consideration of the reporting person's past services to the issuer and without payment of cash consideration.