Jackson Richard L. 4
4 · Oncothyreon Inc. · Filed May 4, 2012
Insider Transaction Report
Form 4
Oncothyreon Inc.ONTY
Jackson Richard L.
Director
Transactions
- Exercise/Conversion
Restricted Share Units
2012-05-03−989→ 0 totalFrom: 2012-05-03Exp: 2012-05-03→ Common Stock (989 underlying) - Tax Payment
Common Stock
2012-05-03$4.15/sh−247$1,025→ 30,038 total - Exercise/Conversion
Common Stock
2012-05-03+989→ 30,285 total
Footnotes (4)
- [F1]Each restricted share unit was the economic equivalent of one share of common stock. On May 3, 2012, 989 of Dr. Jackson's restricted share units were settled for an equal number of shares of common stock.
- [F2]Reflects 12,624 restricted share units previously owned and 17,661 shares directly beneficially owned by Dr. Jackson.
- [F3]The shares were disposed of to the Issuer in a transaction approved by the board of directors in accordance with Rule 16b-3(e) promulgated under the Securities Exchange Act of 1934. The 247 shares represent 25% of the shares underlying the RSU grant to Dr. Jackson that vested on May 3, 2012 and the transaction is designed to facilitate Dr. Jackson's satisfaction of U.S. federal income tax obligations in connection with the vesting of such RSU grant.
- [F4]Reflects 12,624 restricted share units previously owned and 17,414 shares directly beneficially owned by Dr. Jackson.