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Oramed Pharmaceuticals Inc. — Major Shareholding Notification 2021
Sep 2, 2021
6965_rns_2021-09-03_85c98598-cf5f-422a-a55a-72609a90377e.pdf
Major Shareholding Notification
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| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549
OMB APPROVAL
| OMB Number: 3235-0287 |
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| hours per response: | 0.5 |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Address of Reporting Person* Silberman David |
ORMP ] | 2. Issuer Name and Ticker or Trading Symbol ORAMED PHARMACEUTICALS INC. [ |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title Other (specify |
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| (Last) | 20 MAMILLA AVENUE | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 09/01/2021 |
X below) below) Chief Financial Officer |
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| (Street) JERUSALEM L3 9414904 (City) (State) (Zip) |
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||
| 1. Title of Security (Instr. 3) 2. Transaction Date |
2A. Deemed | 3. | 5. Amount of Securities Beneficially Owned Following |
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| (Month/Day/Year) | Execution Date, if any (Month/Day/Year) |
Transaction Code (Instr. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership |
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| Code V | Amount | (A) or (D) |
Price | Reported Transaction(s) (Instr. 3 and 4) |
(Instr. 4) | ||||||||||
| Common Stock(1) | 09/01/2021(2) | A | 50,000 | A | \$0 | 50,000 | D | ||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) |
| Security (Instr. 3) |
or Exercise Price of Derivative Security |
(Month/Day/Year) | if any (Month/Day/Year) |
Code (Instr. 8) |
Derivative (Month/Day/Year) Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
Underlying Derivative Security (Instr. 3 and 4) |
Security (Instr. 5) |
Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
Form: Direct (D) or Indirect (I) (Instr. 4) |
Beneficial Ownership (Instr. 4) |
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| Code V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
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| Stock Option (right to buy) |
\$20.19 | 09/01/2021 | A | 50,000 | (3) | 09/01/2031 Common | Stock | 50,000 | \$0 | 50,000 | D |
Explanation of Responses:
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Represents common stock underlying Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock.
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The RSUs will vest as follows: 33,333 shall vest in three equal installments over a period of three years upon Issuer's common stock achieving a specified price per share, and 16,667 shall vest in three equal installments over a period of three years upon Issuer's achievement of certain business objectives.
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The Stock Options will vest in four equal installments of 12,500 on each of June 27, 2022, June 27, 2023, June 27, 2024 and June 27, 2025.
/s/ David Silberman 09/02/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.