SEC Form 4 · accession 0000908662-15-000296
DYAX CORP · DYAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George V Migausky
Officer — EVP & Chief Financial Officer
Period of report
Aug 17, 2015
Accepted (ET)
Aug 19, 2015 · 4:14 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 17, 2015 | M | 65,000 | $3.22 | A | 136,350 | D | |
| Common Stock | Aug 17, 2015 | M | 51,000 | $10.20 | A | 187,350 | D | |
| Common StockF2 | Aug 17, 2015 | S | 64,291 | $22.596 | D | 123,059 | D | |
| Common StockF3 | Aug 17, 2015 | S | 51,709 | $23.1653 | D | 71,350 | D | |
| Common StockF4,F5 | Aug 17, 2015 | S | 2,306 | $22.7012 | D | 21,694 | I | By Trust |
| Common StockF6,F5 | Aug 17, 2015 | S | 694 | $23.251 | D | 21,000 | I | By Trust |
| Common StockF7,F5 | Aug 17, 2015 | S | 2,436 | $22.7476 | D | 18,564 | I | By Trust |
| Common StockF8,F5 | Aug 17, 2015 | S | 564 | $23.2661 | D | 18,000 | I | By Trust |
| Common StockF9,F5 | Aug 17, 2015 | S | 2,815 | $22.8207 | D | 15,185 | I | By Trust |
| Common StockF10,F5 | Aug 17, 2015 | S | 185 | $23.3781 | D | 15,000 | I | By Trust |
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)F11 | $3.22 | Aug 17, 2015 | M | 65,000 | D | — | Feb 10, 2020 | Common Stock | 65,000 | 125,000 | D |
| Stock Option (right to buy)F12 | $10.20 | Aug 17, 2015 | M | 51,000 | D | — | Feb 27, 2024 | Common Stock | 51,000 | 93,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a rule 10b5-1 trading plan.
- F10The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.30 to $23.47, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 10.
- F11The options became fully exercisable on February 10, 2014.
- F12The options become exercisable in 48 substantially equal installments at the end of each monthly anniversary of the date of grant, February 27, 2014.
- F2The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.00 to $22.99, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and 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 price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.46, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3.
- F4The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.15 to $23.10, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4.
- F5Shares are held in trusts, of which Mr. Migausky is the trustee, for the benefit of each of Mr. Migausky's children. Mr. Migausky disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F6The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.15 to $23.47, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 6.
- F7The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.16 to $23.15, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 7.
- F8The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $23.17 to $23.47, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 8.
- F9The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $22.29 to $23.27, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 9.