4//SEC Filing
Invuity, Inc. 4
Accession 0001104659-17-003078
CIK 0001393020operating
Filed
Jan 18, 7:00 PM ET
Accepted
Jan 19, 4:00 PM ET
Size
8.5 KB
Accession
0001104659-17-003078
Insider Transaction Report
Form 4
Invuity, Inc.IVTY
SAWYER PHILIP M
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2017-01-17+85,000→ 85,000 totalExercise: $6.50Exp: 2027-01-17→ Common Stock (85,000 underlying) - Award
Employee Stock Option (right to buy)
2017-01-17+85,000→ 85,000 totalExercise: $6.50Exp: 2027-01-17→ Common Stock (85,000 underlying)
Footnotes (2)
- [F1]The option vests and becomes exercisable over the course of a four-year period after January 1, 2017 (the "Vesting Period") only if (a) the average closing price per share of the Issuer's shares on the NASDAQ Global Market over a 60-trading day period meets or exceeds $12.00 per share or (b) the Issuer is sold and the acquisition price per share of the Issuer's shares meets or exceeds $12.00 per share (either (a) or (b), the "Price Hurdle") within a three-year period after the Transaction Date (the "Performance Period"). Upon achievement of the Price Hurdle during the Performance Period, a pro rata portion of the options shall vest immediately, with the remainder to vest in equal monthly installments for the remainder of the Vesting Period, subject to the Reporting Person continuing as a service provider through each vesting date. If the Price Hurdle is not achieved during the Performance Period, the option shall be cancelled.
- [F2]The option vests and becomes exercisable as to one-forty-eighth of the shares on February 1, 2017 and each one-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each vesting date.
Documents
Issuer
Invuity, Inc.
CIK 0001393020
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001393020
Filing Metadata
- Form type
- 4
- Filed
- Jan 18, 7:00 PM ET
- Accepted
- Jan 19, 4:00 PM ET
- Size
- 8.5 KB