SEC Form 4 · accession 0001354488-16-007795
PALATIN TECHNOLOGIES INC · PTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Angela Rossetti
Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 4:15 pm EDT
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 | Jun 9, 2016 | A | 37,500 | $0.00 | A | 120,625 | D | |
| Common StockF2,F3 | Jun 13, 2016 | M | 20,000 | $0.00 | A | 140,625 | 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)F4 | $0.50 | Jun 9, 2016 | A | 37,500 | A | Jul 31, 2016 | Jun 9, 2026 | Common Stock | 37,500 | 102,500 | D |
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. The restricted share units vest on June 9, 2017.
- F2Shares issued on June 13, 2016 on vesting of restricted stock units.
- F3Each restricted stock unit represented the right to receive on vesting, without further payment, one share of common stock.
- F4The options vest at the rate of 1/12 per month on the last day of each month, starting on July 31, 2016.