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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.