SEC Form 4 · accession 0001209191-15-026215
PHARMACYCLICS INC · PCYC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manmeet Singh Soni
Officer — Chief Financial Officer
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 6:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 11, 2015 | M | 7,848 | $61.60 | A | 65,875 | D | |
| Common Stock | Mar 11, 2015 | M | 5,000 | $106.75 | A | 70,875 | D | |
| Common Stock | Mar 11, 2015 | M | 11,250 | $70.37 | A | 82,125 | D | |
| Common Stock | Mar 11, 2015 | S | 24,098 | $254.15 | D | 58,027 | D | |
| Common Stock | Mar 13, 2015 | S | 902 | $254.88 | D | 57,125 | D | |
| Common Stock | Mar 13, 2015 | S | 2,514 | $254.914 | D | 54,611 | 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)F1 | $61.60 | Mar 11, 2015 | M | 7,848 | D | Oct 26, 2012 | Oct 26, 2022 | Common Stock | 7,848 | 11,152 | D |
| Stock Option (Right to Buy)F2 | $106.75 | Mar 11, 2015 | M | 5,000 | D | Aug 16, 2013 | Aug 16, 2023 | Common Stock | 5,000 | 15,000 | D |
| Stock Option (Right to Buy)F3 | $70.37 | Mar 11, 2015 | M | 11,250 | D | Feb 12, 2013 | Feb 12, 2023 | Common Stock | 11,250 | 18,750 | D |
Explanation of responses
- F1The shares subject to the option will vest as follows: 25% of the shares subject to the option will vest on September 6, 2013 and 1/36th of the remaining shares will vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested on September 6, 2016, subject to the Reporting Person's continued employment or service relationship with the Issuer on each of the vesting dates.
- F2The option vests 12/48ths shall vest on each of August 16, 2014, August 16, 2015 and August 16, 2016 and August 16,2017. The vesting of the options is subject to satisfaction of certain performance criteria.
- F3The option vests 3/48 on April 11, 2013; the remainder vests proportionately on each of April 11, 2014, April 11, 2015 and April 11, 2016, subject to satisfaction of certain performance criteria with respect to each such period.