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BIOGEN INC. — Director's Dealing 2017
Jun 5, 2017
30291_dirs_2017-06-05_bcc93e56-a9a4-4813-9348-d23df46c436c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BIOGEN INC. (BIIB)
CIK: 0000875045
Period of Report: 2017-06-01
Reporting Person: Ehlers Michael D (EVP, Research and Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-06-01 | Common Stock | F | 336 | $252.38 | Disposed | 2768 | Direct |
| 2017-06-01 | Common Stock | M | 1259 | — | Acquired | 4027 | Direct |
| 2017-06-01 | Common Stock | F | 411 | $252.38 | Disposed | 3616 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-01 | Restricted Stock Unit | $0 | M | 1259 | Disposed | 2019-06-01 | Common Stock (1259) | Direct |
| 2017-06-01 | Restricted Stock Unit | $0 | J | 1235 | Disposed | 2019-06-01 | Common Stock (1235) | Direct |
Footnotes
F1: On June 1, 2016 an RSU was awarded for 3,034 shares. This award was adjusted to 3,104 shares pursuant to the anti-dilution provisions of the award in connection with the spin-off of Bioverativ Inc. on February 1, 2017.
F2: This award was previously reported as covering 7,320 shares, but was adjusted pursuant to the anti-dilution provisions of the award in connection with the spin-off of Bioverativ Inc. on February 1, 2017
F3: 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 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]).
F4: This represents the difference between the maximum possible number of shares that were eligible for vesting and the actual number that vested.