Penumbra Inc — Director's Dealing 2015

Sep 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Penumbra Inc (PEN)
CIK: 0001321732
Period of Report: 2015-09-17

Reporting Person: Elsesser Adam (Director, Chairman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-22	Common Stock	M	300000	$0.57	Acquired	1300000	Direct
2015-06-22	Common Stock	F	64162	$14.46	Disposed	1235838	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-22	Stock Option (right to buy)	$0.57	M	300000	Disposed	2016-03-31	Common Stock (300000)	Direct
2015-09-17	Stock Option (right to buy)	$30.00	A	450000	Acquired	2025-09-16	Common Stock (450000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	673	Indirect

Footnotes

F1: These transactions occurred prior to the date on which the Reporting Person became subject to Section 16 and were reflected on the Reporting Person's Form 3.

F2: Payment of exercise price and tax liability by delivering or withholding shares in accordance with Rule 16b-3.

F3: Shares are held by the Siegel/Elsesser Revocable Trust.

F4: All shares are fully vested.

F5: The original option grant vests over four years, with 25% of the shares vesting on September 17, 2016 and 1/48 vesting each month thereafter.