SEC Form 4 · accession 0001354488-15-005483
PALATIN TECHNOLOGIES INC · PTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Spana
Officer — President and CEO · Director
Period of report
Dec 8, 2015
Accepted (ET)
Dec 10, 2015 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911216
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 8, 2015 | A | 325,000 | $0.00 | A | 1,623,089 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. 25% of the restricted share units vested on the grant date, and 25% vest on December 8 of each of 2016, 2017 and 2018. Vested shares, subject to the terms of the applicable restricted share unit agreement, will be delivered following the reporting person ceasing to serve as an employee of Palatin Technologies, Inc.