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Zai Lab Ltd — Director's Dealing 2024
Jan 4, 2024
31208_dirs_2024-01-03_3b1896f4-afe8-4623-994a-c8031c211843.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Zai Lab Ltd (ZLAB)
CIK: 0001704292
Period of Report: 2024-01-01
Reporting Person: Edmondson Frazor Titus III (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-01 | American Depositary Shares | M | 17548 | — | Acquired | 34808 | Direct |
| 2024-01-03 | American Depositary Shares | S | 4803 | $26.122 | Disposed | 30005 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-01 | Performance-Based Share Units | $ | A | 17548 | Acquired | American Depositary Shares (17548) | Direct | |
| 2024-01-01 | Performance-Based Share Units | $ | M | 17548 | Disposed | American Depositary Shares (17548) | Direct |
Footnotes
F1: Each American Depositary Share (ADS) represents ten Ordinary Shares of the issuer. Our ADSs and Ordinary Shares are fully fungible. For purposes of this Form 4, we are reporting this in terms of ADSs.
F2: ADSs acquired on vesting of performance-based share units (PSUs). Each ADS represents ten Ordinary Shares of the issuer.
F3: Each PSU represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F4: These ADSs were sold automatically to cover taxes upon vesting of PSUs.
F5: The reporting person was granted PSUs on December 1, 2021 that vest based on the satisfaction of specified performance criteria between December 1, 2021 and December 31, 2025. On January 1, 2024, the performance-based vesting conditions were confirmed for PSUs representing 17,548 ADSs.