SEC Form 4 · accession 0001209191-17-033265
AMARIN CORP PLC\UK · AMRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lars Ekman
Director
Period of report
May 15, 2017
Accepted (ET)
May 17, 2017 · 5:21 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 | $3.06 | May 15, 2017 | A | 25,845 | A | — | May 15, 2027 | Ordinary Shares | 25,845 | 25,845 | D |
| Restricted Stock UnitsF3,F4,F5,F2 | $0.00 | May 15, 2017 | A | 17,974 | A | — | — | Ordinary Shares | 17,974 | 17,974 | D |
Explanation of responses
- F1On May 15, 2017, the Reporting Person was granted an option to purchase 25,845 Ordinary Shares under the Amarin Corporation plc 2011 Stock Incentive Plan (the "Plan"). The option shall vest and become exercisable in a single annual installment upon the earlier of (i) the anniversary of the grant date of May 15, 2017 or (ii) the Issuer's annual general meeting of shareholders in 2018.
- F2The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
- F3Each 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.
- F4On May 15, 2017 the Reporting Person was granted 17,974 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 May 15, 2017 or (ii) the Issuer's annual general meeting of shareholders in such year.
- F5Not applicable.
Remarks
These grants are made in accordance with the Issuer's previously disclosed non-employee director compensation program. 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.