4//SEC Filing
Mikhail Karim 4
Accession 0000899243-23-006077
CIK 0000897448other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 9:40 PM ET
Size
22.4 KB
Accession
0000899243-23-006077
Insider Transaction Report
Form 4
Mikhail Karim
DirectorPresident & CEO
Transactions
- Award
Stock Option (Right to Buy)
2023-02-21+1,601,500→ 1,601,500 totalExercise: $1.80Exp: 2033-02-21→ Ordinary Shares (1,601,500 underlying) - Award
Restricted Stock Units
2023-02-21+800,800→ 800,800 totalExercise: $0.00→ Ordinary Shares (800,800 underlying) - Exercise/Conversion
Ordinary Shares
2023-01-31+207,700→ 322,484 total - Award
Ordinary Shares
2023-02-21+33,334→ 293,508 total - Exercise/Conversion
Restricted Stock Units
2023-01-31−207,700→ 415,400 totalExercise: $0.00→ Ordinary Shares (207,700 underlying) - Award
Restricted Stock Units
2023-02-21+66,666→ 66,666 totalExercise: $0.00→ Ordinary Shares (66,666 underlying) - Tax Payment
Ordinary Shares
2023-01-31$1.86/sh−62,310$115,897→ 260,174 total - Tax Payment
Ordinary Shares
2023-02-21$1.80/sh−10,001$18,002→ 283,507 total
Footnotes (10)
- [F1]The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
- [F10]On February 21, 2023, the Reporting Person was granted 800,800 RSUs under the Plan. These RSUs vest in three equal installments on each of January 31, 2024, January 31, 2025 and January 31, 2026.
- [F2]On February 4, 2022, the Reporting Person was granted 623,100 Restricted Stock Units ("RSUs") under the Amarin Corporation plc 2020 Stock Incentive Plan (as amended, the "Plan"). These RSUs vest in three equal installments on each of January 31, 2023, January 31, 2024 and January 31, 2025.
- [F3]Not applicable.
- [F4]Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.
- [F5]On April 12, 2021 (the "Grant Date"), the Reporting Person was granted RSUs under the Plan, which only vest subject to the achievement of certain performance-based milestones disclosed in the Issuer's definitive proxy statement filed with the U.S. Securities and Exchange Commission on May 24, 2022 and subject to the Reporting Person's continued service with the Issuer as provided in the RSU Award Agreement between the Issuer and Reporting Person. This RSU Award also provides that if performance metrics are achieved prior to the 3rd anniversary of the Grant Date, the achieved portion of such RSU Award shall also be subject to time-based vesting such that 1/3 of such amount shall become vested on each of the first, second and third anniversary of the Grant Date, subject to the Reporting Person's continued service to the Issuer.
- [F6](Continued from Footnote 5): The Issuer's Remuneration Committee of its Board certified the achievement of performance effective as of February 21, 2023, resulting in the vesting of 33,334 RSUs (first tranche) and the remaining 66,666 (two tranches) scheduled to vest on each of April 12, 2023 and April 12, 2024.
- [F7]Please see the section titled "Remarks" below for additional information.
- [F8]Each RSU represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion.
- [F9]On February 21, 2023, the Reporting Person was granted an option to purchase 1,618,900 Ordinary Shares under the Plan. The shares subject to this option shall vest and become exercisable over four years, with 25% to vest on the first anniversary of the grant date and the balance to vest ratably over the subsequent 12 calendar quarters on the last day of each April, July, October and January.
Documents
Issuer
AMARIN CORP PLC\UK
CIK 0000897448
Entity typeother
Related Parties
1- filerCIK 0001875266
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 9:40 PM ET
- Size
- 22.4 KB