SEC Form 4 · accession 0001171843-15-000644
Anika Therapeutics, Inc. · ANIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles H Sherwood
Officer — President and CEO · Director
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000898437
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | A | 13,500 | $0.00 | A | 191,455 | D | |
| Common StockF2 | Feb 4, 2015 | A | 50,000 | $8.71 | A | 241,455 | 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)F3 | $39.69 | Feb 3, 2015 | A | 34,200 | A | — | Feb 3, 2025 | Common Stock | 13,700 | 34,200 | D |
| Stock Option (Right to Buy)F5,F4,F6 | $32.02 | Feb 3, 2015 | A | 16,600 | A | — | Jan 27, 2024 | Common Stock | 16,600 | 16,600 | D |
| Stock Option (Right to Buy)F2 | $8.71 | Feb 4, 2015 | M | 50,000 | D | — | Feb 10, 2015 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Restricted stock awards vest in four equal annual installments beginning February 3, 2016.
- F2Exercise of stock options granted on February 10, 2005 with an expiration date of February 10, 2015.
- F3The stock options vest in four equal annual installments beginning February 3, 2016.
- F4The exercise price of the stock options represents the closing price of the Company's common stock on the grant date, January 27, 2014, the date the Compensation Committee of the Company granted these performance-based stock option awards (the "Performance Grant"). Please also see notes 5 and 6.
- F5On February 3, 2015, the Compensation Committee modified the performance measures under the Performance Grant and determined that under the modified performance measures 100% of the performance grant had been earned, subject to time-based vesting. Please also see notes 4 and 6.
- F6The stock options vest in four equal installments on the following dates: February 3, 2015, January 1, 2016, January 1, 2017 and January 1, 2018.