SEC Form 4 · accession 0001209191-15-060179
AMARIN CORP PLC\UK · AMRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lars Ekman
Director
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 6:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000897448
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $2.50 | Jul 6, 2015 | A | 17,358 | A | — | Jul 6, 2025 | Ordinary Shares | 17,358 | 17,358 | D |
| Stock Option (right to buy)F3,F2 | $2.50 | Jul 6, 2015 | A | 28,287 | A | — | Jul 6, 2025 | Ordinary Shares | 28,287 | 28,287 | D |
| Restricted Stock UnitsF4,F5,F6,F2 | $0.00 | Jul 6, 2015 | A | 40,500 | A | — | — | Ordinary Shares | 40,500 | 40,500 | D |
| Restricted Stock UnitsF4,F7,F6,F2 | $0.00 | Jul 6, 2015 | A | 22,000 | A | — | — | Ordinary Shares | 22,000 | 22,000 | D |
Explanation of responses
- F1On July 6, 2015, the Reporting Person was granted an option to purchase 17,358 Ordinary Shares under the Amarin Corporation plc 2011 Stock Incentive Plan (the "Plan"). The shares subject to this option shall vest and become exercisable in equal annual installments over a three-year period, with each installment vesting upon the earlier of (i) the anniversary of the grant date of July 6, 2015 or (ii) the Issuer's annual general meeting of shareholders in such year.
- F2The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
- F3On July 6, 2015, the Reporting Person was granted an option to purchase 28,287 Ordinary Shares under the Plan. The shares subject to this option shall vest and become exercisable in full upon the earlier of (i) the one-year anniversary of the grant date of July 6, 2015 or (ii) the Issuer's next annual general meeting of shareholders.
- F4Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion, with settlement to be made on a deferred basis, specifically upon the non-employee director's separation of service with the Issuer.
- F5On July 6, 2015, the Reporting Person was granted 40,500 RSUs under the Plan. The RSUs vest in equal annual installments over a three-year period, with each installment vesting upon the earlier of (i) the anniversary of the grant date of July 6, 2015 or (ii) the Issuer's annual general meeting of shareholders in such year.
- F6Not applicable.
- F7On July 6, 2015, the Reporting Person was granted 22,000 RSUs under the Plan. The RSUs vest in full upon the earlier of (i) the one-year anniversary of the grant date of July 6, 2015 or (ii) the Issuer's 2016 annual general meeting of shareholders.
Remarks
Each of the grants described in this Form 4 was previously disclosed in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 24, 2015. In the event of a Change of Control (as defined in the Plan), each of the grants described in this Form 4 vests in full.