SEC Form 4 · accession 0000908662-15-000280
DYAX CORP · DYAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Bazemore
Officer — EVP & Chief Commercial Officer
Period of report
Aug 4, 2015
Accepted (ET)
Aug 6, 2015 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000907562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 4, 2015 | M | 33,000 | $6.80 | A | 33,000 | D | |
| Common StockF1 | Aug 4, 2015 | S | 33,000 | $23.646 | D | 0 | D | |
| Common Stock | Aug 5, 2015 | M | 10,000 | $6.80 | A | 10,000 | D | |
| Common StockF2 | Aug 5, 2015 | S | 10,000 | $23.5305 | D | 0 | 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 | $6.80 | Aug 4, 2015 | M | 33,000 | D | — | Feb 18, 2025 | Common Stock | 33,000 | 217,000 | D |
| Stock Option (right to buy)F3 | $6.80 | Aug 5, 2015 | M | 10,000 | D | — | Feb 18, 2025 | Common Stock | 10,000 | 207,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.60 to $23.68, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2.
- F2The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.50 to $23.645, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2.
- F3The option becomes exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, which was April 16, 2014.