INSMED Inc — Director's Dealing 2016

Nov 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSMED Inc (INSM)
CIK: 0001104506
Period of Report: 2016-11-07

Reporting Person: Schaeffer Orlov S Nicole (SVP, HR & Corp. Svcs.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-07	Common Stock	M	37500	$6.96	Acquired	37500	Direct
2016-11-07	Common Stock	S	37500	$11.78	Disposed	0	Direct
2016-11-07	Common Stock	M	23265	$6.96	Acquired	23265	Direct
2016-11-07	Common Stock	S	23265	$11.78	Disposed	0	Direct
2016-11-09	Common Stock	M	8009	$6.96	Acquired	8009	Direct
2016-11-09	Common Stock	S	8009	$13.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Stock Option	$6.96	M	37500	Disposed	2023-01-02	Common Stock (37500)	Direct
2016-11-07	Stock Option	$6.96	M	23265	Disposed	2023-01-02	Common Stock (23265)	Direct
2016-11-09	Stock Option	$6.96	M	8009	Disposed	2023-01-02	Common Stock (8009)	Direct

Footnotes

F1: The price in column 4 is a weighted average price. The prices in these transactions range from $11.75 to $11.91.

F2: Stock options granted under the Company's 2000 Stock Incentive Plan. The options become exercisable based on the following vesting schedule: twenty five percent (25%) on the first anniversary of the grant date and an additional twelve and one half percent (12.5%) vest on each sixth month anniversary date thereafter through the fourth anniversary of the date of grant.