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PTC THERAPEUTICS, INC. — Director's Dealing 2020
Jan 9, 2020
31046_dirs_2020-01-08_2c59dd1d-4f98-46f5-b7d0-a96dd82f4ff3.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: 2020-01-06
Reporting Person: Utter Christine Marie (SVP, Finance & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-06 | Common Stock | S | 360 | $48.168 | Disposed | 5224 | Direct |
| 2020-01-07 | Common Stock | M | 6250 | $13.10 | Acquired | 11474 | Direct |
| 2020-01-07 | Common Stock | S | 6250 | $50 | Disposed | 5224 | Direct |
| 2020-01-07 | Common Stock | M | 7500 | $18.01 | Acquired | 12724 | Direct |
| 2020-01-07 | Common Stock | S | 7500 | $50.031 | Disposed | 5224 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-07 | Stock Option (Right To Buy) | $13.1 | M | 6250 | Disposed | 2027-06-02 | Common Stock (6250.0) | Direct |
| 2020-01-07 | Stock Option (Right To Buy) | $18.01 | M | 7500 | Disposed | 2028-01-02 | Common Stock (7500.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right To Buy) | $490.8 | 2021-04-27 | Common Stock (74.0) | 74 | Direct |
| Stock Option (Right To Buy) | $218.4 | 2022-01-10 | Common Stock (21.0) | 21 | Direct |
| Stock Option (Right To Buy) | $40.45 | 2024-09-23 | Common Stock (4688.0) | 4688 | Direct |
| Stock Option (Right To Buy) | $51.0 | 2025-01-02 | Common Stock (17800.0) | 17800 | Direct |
| Stock Option (Right To Buy) | $30.86 | 2026-01-03 | Common Stock (10310.0) | 10310 | Direct |
| Stock Option (Right To Buy) | $11.23 | 2027-01-02 | Common Stock (3150.0) | 3150 | Direct |
| Stock Option (Right To Buy) | $33.02 | 2029-01-21 | Common Stock (42500.0) | 42500 | Direct |
| Stock Option (Right To Buy) | $33.02 | 2029-01-21 | Common Stock (10100.0) | 10100 | Direct |
Footnotes
F1: Represents shares automatically sold pursuant to an irrevocable sell to cover election to satisfy tax withholding obligations in connection with the vesting of 975 RSUs from a January 3, 2017 grant of 3,900 RSUs.
F2: This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the Reporting Person on November 29, 2019.
F3: This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $50.00 to $50.09 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: Currently exercisable.
F5: This option was granted on January 3, 2018, and vests over four years, with 25% of the shares underlying the option vesting on January 3, 2019, 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 3, 2019.
F6: This option was granted on January 3, 2017, and vests over four years, with 25% of the shares underlying the option vesting on January 3, 2018, 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 3, 2018.
F7: This option was granted on January 22, 2019 and vests over four years, with 25% of the shares underlying the option vesting on January 22, 2020, 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 April 22, 2020.
F8: This option was granted on January 22, 2019 and vests over four years, with 50% of the shares underlying the option vesting on January 22, 2022, and the remaining 50% of the original number of shares underlying the option vesting on January 22, 2023.