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BIOGEN INC. — Director's Dealing 2015
Feb 17, 2015
30291_dirs_2015-02-17_91f2a028-80cd-499a-80ba-97682b7ca3ea.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BIOGEN IDEC INC. (BIIB)
CIK: 0000875045
Period of Report: 2015-02-12
Reporting Person: DiPietro Kenneth (EVP Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-12 | Common Stock | M | 2246 | — | Acquired | 2246 | Direct |
| 2015-02-12 | Common Stock | F | 1058 | $392.11 | Disposed | 1188 | Direct |
| 2015-02-12 | Common Stock | M | 1518 | — | Acquired | 2706 | Direct |
| 2015-02-12 | Common Stock | F | 715 | $392.11 | Disposed | 1991 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-12 | Restricted Stock Unit | $0 | M | 2246 | Disposed | 2017-02-12 | Common Stock (2246) | Direct |
| 2015-02-12 | Restricted Stock Unit | $0 | M | 1518 | Disposed | 2017-02-12 | Common Stock (1518) | Direct |
| 2015-02-12 | Restricted Stock Unit | $0 | J | 970 | Disposed | 2017-02-12 | Common Stock (970) | Direct |
Footnotes
F1: The number of RSUs reported represents the maximum possible number of shares that are eligible for vesting, which is 150% of the number of shares at target payout. One-fourth of these RSUs are eligible to vest on each of the first four anniversaries of the grant date. The actual number of shares that will vest on each vesting date will be determined by comparing the price of Biogen Idec common stock on such vesting date to the price on the grant date (i.e., number of vested shares = number of shares at target payout times [the average 60 calendar-day closing stock price ending on the vesting date divided by the average 60 calendar-day closing stock price on the grant date]).
F2: The number of RSUs reported represents the maximum possible number of shares that are eligible for vesting, which is 200% of the number of shares at target payout. One-third of these RSUs are eligible to vest on each of the first three anniversaries of the grant date. The actual number of shares that will vest on each vesting date will be determined by comparing the price of Biogen Idec common stock on such vesting date to the price on the grant date (i.e., number of vested shares = number of shares at target payout times [the 30-day average closing stock price ending on the vesting date divided by the 30-day average closing stock price on the grant date]).
F3: This represents the difference between the maximum possible number of shares that were eligible for vesting and the actual number that vested.