SEC Form 4 · accession 0001209191-17-055353
NEKTAR THERAPEUTICS · NKTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivan P. Gergel
Officer — SVP & Chief Medical Officer
Period of report
Sep 29, 2017
Accepted (ET)
Oct 3, 2017 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 29, 2017 | M | 43,296 | $11.04 | A | 84,871 | D | |
| Common StockF1,F2 | Sep 29, 2017 | S | 43,296 | $24.04 | D | 41,575 | D | |
| Common StockF1 | Oct 2, 2017 | M | 56,704 | $11.04 | A | 98,279 | D | |
| Common StockF1,F3 | Oct 2, 2017 | S | 56,704 | $24.21 | D | 41,575 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F4 | $11.04 | Sep 29, 2017 | M | 43,296 | D | — | May 18, 2022 | Common Stock | 43,296 | 370,456 | D |
| Stock OptionF1,F4 | $11.04 | Oct 2, 2017 | M | 56,704 | D | — | May 18, 2022 | Common Stock | 56,704 | 313,752 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2This transaction was executed in multiple trades at prices ranging from $24.04 to $24.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and the prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
- F3This transaction was executed in multiple trades at prices ranging from $24.04 to $24.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and the prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
- F4The stock option pursuant to this transaction vests as follows: 25% of the shares subject to the option vested on May 19, 2015 and the remaining 75% of the shares vest in equal monthly installments over the three-year period thereafter based on the Reporting Person's continuous service to the issuer.