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PTC THERAPEUTICS, INC. — Director's Dealing 2015
May 23, 2015
31046_dirs_2015-05-22_08993517-f4e6-4a50-83cc-0f810f87052a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PTC THERAPEUTICS, INC. (PTCT)
CIK: 0001070081
Period of Report: 2015-05-22
Reporting Person: Kovacs Shane William Charles (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-22 | Common Stock | M | 60375 | $10.85 | Acquired | 72725 | Direct |
| 2015-05-22 | Common Stock | M | 18616 | $27.05 | Acquired | 91341 | Direct |
| 2015-05-22 | Common Stock | S | 64041 | $55.26 | Disposed | 27300 | Direct |
| 2015-05-22 | Common Stock | S | 18450 | $55.93 | Disposed | 8850 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-22 | Stock Option (Right to Buy) | $10.85 | M | 60375 | Disposed | 2023-05-21 | Common Stock (60375) | Direct |
| 2015-05-22 | Stock Option (Right to Buy) | $27.05 | M | 18616 | Disposed | 2024-01-27 | Common Stock (18616) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $51.00 | 2025-01-01 | Common Stock (85600) | 85600 | Direct |
Footnotes
F1: The transactions reported in this Form 4 were effected pursuant to a written Rule 10b5-1 plan adopted by the reporting person for the primary purposes of covering tax obligations associated with a restricted stock vesting event and diversification.
F2: This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $54.73 to $55.72 per share. The reporting person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F3: This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $55.73 to $56.48 per share. The reporting person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F4: This option award was granted on May 22, 2013, with 25% of the shares underlying the option vested on May 22, 2014, and an additional 2.083% of the original number of shares underlying the option vesting on a monthly basis thereafter, beginning on June 30, 2014.
F5: This option award was granted on January 28, 2014, with 25% of the shares underlying the option vested on January 1, 2015, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 1, 2015.
F6: This option award was granted on January 2, 2015, with 25% of the shares underlying the option vesting on January 1, 2016, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 1, 2016.