Lockey Claire 4
4 · Tricida, Inc. · Filed Jul 5, 2019
Insider Transaction Report
Form 4
Tricida, Inc.TCDA
Lockey Claire
Chief Dev. Officer and Sr. VP
Transactions
- Exercise/Conversion
Common Stock
2019-07-03$0.80/sh+40,000$32,000→ 40,000 total - Sale
Common Stock
2019-07-03$37.10/sh−40,401$1,498,877→ 0 total - Exercise/Conversion
Employee Stock Option (right to buy)
2019-07-03−40,000→ 60,307 totalExercise: $0.80Exp: 2025-12-14→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2018.
- [F2]This amount includes 401 shares acquired on June 28, 2019 under the Tricida, Inc. 2018 Employee Stock Purchase Plan. This acquisition is exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from Section 16(a) pursuant to Rule 16a-3(f)(1)(i)(B).
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $38.95, inclusive. The reporting person undertakes to provide to Tricida, Inc., any security holder of Tricida, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- [F4]This option vested 25% on November 9, 2016, and the remaining 75% vests in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.