4//SEC Filing
Caldwell William S 4
Accession 0001140361-11-010810
CIK 0001124105other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:42 PM ET
Size
11.1 KB
Accession
0001140361-11-010810
Insider Transaction Report
Form 4
TARGACEPT INCTRGT
Caldwell William S
VP - Drug Discovery and Dev.
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2011-02-16−16,655→ 21,250 totalExercise: $2.93Exp: 2019-01-08→ Common Stock (16,655 underlying) - Exercise/Conversion
Common Stock
2011-02-16$1.75/sh+16,655$29,146→ 24,390 total - Sale
Common Stock
2011-02-16$26.52/sh−16,655$441,656→ 7,735 total
Holdings
- 2,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.25 to $26.81, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range set forth in this footnote.
- [F2]In addition to the sale price reported, the reporting person received an account credit in the amount of $0.7276 per share due to the broker's failure to execute the sale on the date specified in the reporting person's 10b5-1 plan. The account credit represents the difference between the actual weighted average sales price for the shares sold and the first weighted average sales price for the same number of shares sold on the NASDAQ stock market on February 14, 2011 (the date on which the sale was to have been executed under the 10b5-1 plan).
- [F3]These shares held by the reporting person's spouse. From April 2006 to July 2010, these shares were held by the reporting person's mother-in-law, who did not share his household, in a brokerage account maintained jointly with a right of survivorship with the reporting person's spouse. The reporting person became aware of the shares when his mother-in-law passed away.
- [F4]This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with March 31, 2009.
Documents
Issuer
TARGACEPT INC
CIK 0001124105
Entity typeother
Related Parties
1- filerCIK 0001295829
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:42 PM ET
- Size
- 11.1 KB