4//SEC Filing
PRESTRELSKI STEVEN 4
Accession 0000899243-21-039330
CIK 0001867096other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 7:46 PM ET
Size
23.2 KB
Accession
0000899243-21-039330
Insider Transaction Report
Form 4
PRESTRELSKI STEVEN
Chief Scientific Officer
Transactions
- Award
Stock Option (Right to Buy)
2021-10-05+25,000→ 25,000 totalExercise: $13.88Exp: 2029-01-31→ Common Stock (25,000 underlying) - Award
Stock Option (Right to Buy)
2021-10-05+14,036→ 14,036 totalExercise: $5.93Exp: 2028-01-31→ Common Stock (14,036 underlying) - Award
Common Stock
2021-10-05+384,780→ 384,780 total - Award
Common Stock
2021-10-05+110,000→ 494,780 total - Award
Stock Option (Right to Buy)
2021-10-05+11,228→ 11,228 totalExercise: $0.69Exp: 2022-02-23→ Common Stock (11,228 underlying) - Award
Stock Option (Right to Buy)
2021-10-05+28,072→ 28,072 totalExercise: $1.55Exp: 2027-02-04→ Common Stock (28,072 underlying) - Award
Stock Option (Right to Buy)
2021-10-05+11,266→ 11,266 totalExercise: $1.55Exp: 2027-06-12→ Common Stock (11,266 underlying) - Award
Stock Option (Right to Buy)
2021-10-05+25,000→ 25,000 totalExercise: $3.94Exp: 2030-08-14→ Common Stock (25,000 underlying)
Footnotes (8)
- [F1]On October 5, 2021, pursuant to the transaction agreement dated as of May 24, 2021 ("Transaction Agreement") by and among Xeris Pharmaceuticals, Inc. ("Xeris"), Strongbridge Biopharma plc ("Strongbridge"), the Issuer ("HoldCo") and Wells MergerSub, Inc., a wholly owned subsidiary of HoldCo ("MergerSub"), HoldCo acquired the entire issued and to be issued ordinary share capital of Strongbridge (the "Acquisition"), and MergerSub merged with and into Xeris, with Xeris continuing as the surviving corporation and wholly owned subsidiary of HoldCo (the "Merger", and together with the Acquisition, the "Transaction").
- [F2](Continued from Footnote 1) At the effective time of the Merger (the "Merger Effective Time"), all existing shares of Xeris common stock (the "Xeris common stock") were cancelled and automatically converted into the right to receive HoldCo common stock on a one-for-one basis. This amount includes shares of HoldCo common stock received upon vesting of Xeris restricted stock units that were vested as of the Merger Effective Time, net of shares withheld for tax.
- [F3]Represents restricted stock units each representing a contingent right to receive one share of HoldCo common stock (the "HoldCo RSU"). At the Merger Effective Time, each restricted stock unit representing a contingent right to acquire one share of Xeris common stock (the "Xeris RSU") that was outstanding immediately prior to the Merger Effective Time was automatically converted into a HoldCo RSU on the same terms and conditions (including any applicable vesting and settlement terms) as were applicable to such Xeris RSU immediately prior to the Merger Effective Time, including that the number of shares of HoldCo common stock subject to such HoldCo RSU is equal to the number of shares that were subject to the Xeris RSU.
- [F4]At the Merger Effective Time, each option to purchase shares of Xeris common stock (the "Xeris Option") that was outstanding immediately prior to the Merger Effective Time, whether vested or unvested, was automatically converted into an option to purchase shares of HoldCo common stock (the "HoldCo Option"), on the same terms and conditions including any applicable vesting and exercisability requirements) as were applicable to such Xeris Option immediately prior to the Merger Effective Time, including that the number of shares of HoldCo common stock subject to the HoldCo Option is equal to the number of shares that were subject to the Xeris Option and the exercise price applicable to the HoldCo Option is the same as applied to the Xeris Option.
- [F5]These options are fully vested as of the date hereof.
- [F6]25% of these options shall vest on the first anniversary of the vesting commencement date, with the remainder vesting ratably over the following 36 months.
- [F7]50% of these options shall vest on the first anniversary of the vesting commencement date, 25% shall vest on the 18-month anniversary of the vesting commencement date and the remaining 25% shall vest on the second anniversary of the vesting commencement date.
- [F8]These options are early exercisable.
Documents
Issuer
Xeris Biopharma Holdings, Inc.
CIK 0001867096
Entity typeother
Related Parties
1- filerCIK 0001744027
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 7:46 PM ET
- Size
- 23.2 KB