4//SEC Filing
ATHERSYS, INC / NEW 4
Accession 0000947871-08-000320
CIK 0001368148operating
Filed
May 20, 8:00 PM ET
Accepted
May 21, 7:56 PM ET
Size
11.7 KB
Accession
0000947871-08-000320
Insider Transaction Report
Form 4
SHEFFERY MICHAEL B
Director
Transactions
- Purchase
Warrant (right to buy)
2007-06-08−750,000→ 750,000 total(indirect: By Partnership)Exercise: $6.00From: 2007-06-08Exp: 2012-06-08→ Common Stock (750,000 underlying) - Purchase
Common Stock
2008-05-21$2.40/sh+130,000$312,000→ 3,180,000 total(indirect: By Partnership) - Award
Director's Stock Option (right to buy)
2007-06-08−75,000→ 75,000 totalExercise: $5.00Exp: 2017-06-08→ Common Stock (75,000 underlying)
Footnotes (7)
- [F1]The Reporting Person is a partner of OrbiMed Advisors LLC ("Advisors") and OrbiMed Capital GP III LLC ("Capital"). The amount shown represents (i) 3,149,698 shares of Common Stock held directly by Caduceus Private Investments III, LP ("Caduceus") and (ii) 30,302 shares of Common Stock held directly by OrbiMed Associates III, LP ("Associates"). Advisors, pursuant to its authority under its investment advisory contract with Associates, may be considered to hold indirectly 30,302 shares of Common Stock and Capital, pursuant to its authority as general partner of Caduceus, may be considered to hold indirectly 3,149,698 shares of Common Stock.
- [F2]The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16 of the Exchange Act of 1934, as amended, or for any other purpose.
- [F3]This option vests 50%/25%/25% over three years in quarterly increments.
- [F4]The amount shown represents (i) options to purchase 74,292 shares of Common Stock held by Caduceus, and (ii) options to purchase 708 shares of Common Stock held by Associates.
- [F5]The options were granted directly to Mr. Sheffery, a director of the Issuer and a partner of Associates and Capital. Mr. Sheffery is obligated to transfer any shares issued under the options to Associates and Capital.
- [F6]For each share of Common Stock of the Issuer purchased on June 8 2007, the purchaser also received a warrant to purchase .25 shares of Common Stock.
- [F7]This amount represents (i) warrants to purchase 742,925 shares of Common Stock held by Caduceus, and (ii) warrants to purchase 7,075 shares of Common Stock held by Associates. Advisors, pursuant to its authority under its investment advisory contract with Associates, may be considered to hold indirectly warrants to purchase 7,075 shares of Common Stock and Capital, pursuant to its authority as general partner of Caduceus, may be considered to hold indirectly warrants to purchase 742,925 shares of Common Stock.
Documents
Issuer
ATHERSYS, INC / NEW
CIK 0001368148
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001368148
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 7:56 PM ET
- Size
- 11.7 KB