4//SEC Filing
TARGACEPT INC 4
Accession 0000899243-15-003393
$GYRECIK 0001124105operating
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 3:35 PM ET
Size
6.0 KB
Accession
0000899243-15-003393
Insider Transaction Report
Form 4
TARGACEPT INCTRGT
BLIXT CHARLES A
Director
Transactions
- Award
Redeemable Convertible Note
2015-08-14Exercise: $1.31→ Common Stock (8,235 underlying)
Footnotes (3)
- [F1]Reflects a Redeemable Convertible Note of the Issuer (the "Note") to be issued as a dividend on the Issuer's common stock to holders of record of the common stock on August 14, 2015, which will be paid on August 19, 2015.
- [F2]At the option of the reporting person, at any time within 30 months of the closing of the merger of Talos Merger Sub, Inc., a wholly owned subsidiary of the Issuer, with and into Catalyst Biosciences, Inc. (the "Merger"), the Notes shall be redeemable into cash or convertible into shares of common stock of the Issuer at a conversion rate of $1.31 per share ($9.19 per share as adjusted for the planned 1-for-7 reverse stock split of the Issuer's common stock prior to the Merger).
- [F3]The Notes will mature on the 30-month anniversary of the closing of the Merger.
Documents
Issuer
TARGACEPT INC
CIK 0001124105
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001124105
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 3:35 PM ET
- Size
- 6.0 KB