SEC Form 4 · accession 0001209191-16-131309
AMARIN CORP PLC\UK · AMRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Thero
Officer — President and CEO · Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 7:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000897448
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2,F3 | Jun 30, 2016 | M | 37,500 | — | A | 722,024 | D | |
| Ordinary SharesF1 | Jun 30, 2016 | F | 14,719 | $2.16 | D | 707,305 | 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 UnitsF5,F2,F3 | $0.00 | Jun 30, 2016 | M | 37,500 | D | — | — | Ordinary Shares | 37,500 | 450,000 | D |
Explanation of responses
- F1The Ordinary Shares may be represented by American Depositary Shares, each of which represents one Ordinary Share.
- F2As previously reported on July 8, 2015, the Reporting Person was granted 600,000 Restricted Stock Units ("RSUs") under the Amarin Corporation plc 2011 Stock Incentive Plan. These RSUs vest in 16 equal quarterly installments. The fourth vesting event occurred on June 30, 2016.
- F3Not applicable.
- F4Represents a withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.
- F5Each RSU represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion.
Remarks
In the event of a Change of Control (as defined in the Plan), the grant described in this Form 4 vests in full.