4/A//SEC Filing
Beckman Richard 4/A
Accession 0001209191-22-050950
CIK 0001501756other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 7:55 PM ET
Size
6.6 KB
Accession
0001209191-22-050950
Insider Transaction Report
Form 4/AAmended
Beckman Richard
Chief Medical Officer
Transactions
- Award
Common Stock
2022-09-14+33,333→ 43,333 total
Footnotes (2)
- [F1]Reflects the meeting of a portion (1/3) of the performance conditions of performance stock units previously granted, pursuant to which: (a) 1/3 of the shares met a performance condition on September 14, 2022 (of which 50% of these shares vested immediately and 50% of these shares will vest in six months), (b) 1/3 of the shares will vest upon dosing of the first subject in a potentially registrational clinical trial of ADVM-022 or another product candidate owned or being developed by Adverum in wet age-related macular degeneration or another indication determined by the Compensation Committee to represent a significant unmet medical need; and (see footnote 2)
- [F2](c) 1/3 of the shares will vest upon consummation of a strategic corporate transaction, not constituting a change in control, that is determined by the Compensation Committee to be transformative for Adverum, in each case contingent upon certification by the Compensation Committee of the achievement of such milestone and subject to the Reporting Person's continued service with the Issuer on each such vesting date. Non-exclusive examples of a strategic corporate transaction are (i) a collaboration with another company for the development and commercialization of a major asset, (ii) a substantial royalty-based or other structured financing, and (iii) the acquisition or in-license of a significant asset for development and commercialization.
Documents
Issuer
Adverum Biotechnologies, Inc.
CIK 0001501756
Entity typeother
Related Parties
1- filerCIK 0001908942
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 7:55 PM ET
- Size
- 6.6 KB