SEC Form 4 · accession 0001209191-15-018201
MANNKIND CORP · MNKD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juergen Martens
Officer — Corporate VP and COO
Period of report
Feb 18, 2015
Accepted (ET)
Feb 25, 2015 · 8:52 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000899460
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 Par Value | Feb 18, 2015 | A | 4,000 | $0.00 | A | 161,083 | D | |
| Common Stock, $0.01 Par Value | Feb 23, 2015 | A | 15,000 | $0.00 | A | 176,083 | D | |
| Common Stock, $0.01 Par Value | Feb 23, 2015 | F | 5,370 | $6.43 | D | 170,713 | D | |
| Common Stock, $0.01 Par Value | Feb 23, 2015 | A | 30,000 | $0.00 | A | 200,713 | D | |
| Common Stock, $0.01 Par Value | Feb 23, 2015 | F | 10,178 | $6.43 | D | 190,535 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $7.22 | Feb 18, 2015 | A | 14,000 | A | Jan 9, 2016 | Jan 9, 2025 | Common Stock | 14,000 | 14,000 | D |
Explanation of responses
- F1Acquired pursuant to a Restricted Stock Unit Award: 25% vest on each year anniversary of the vesting determination date and 25% each anniversary thereafter; shares fully vest on the fourth year anniversary of the vesting determination date.
- F2The reporting person was granted restricted stock units that vest upon the achievement of certain defined performance milestones. On February 3, 2015, the last defined performance milestone was met, resulting in the vesting of the restricted stock units.
- F3Shares withheld to satisfy the tax liability to the vesting of a restricted stock unit award.
- F4The stock option vesting schedule: 25% vesting on the anniversary of the vesting determination date and 1/48th per month thereafter; being fully vested on the fourth anniversary of the vesting determination date.