4//SEC Filing
Kirby John J. 4
Accession 0001179110-21-000563
CIK 0000861838other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 7:12 PM ET
Size
8.4 KB
Accession
0001179110-21-000563
Insider Transaction Report
Form 4
Kirby John J.
V.P. of Finance, PFO & PAO
Transactions
- Award
Stock Option (Right to Buy)
2021-01-08+51,000→ 51,000 totalExercise: $4.28Exp: 2031-01-08→ Common Stock (51,000 underlying) - Sale
Common Stock
2021-01-12$4.22/sh−1,693$7,152→ 33,882 total
Footnotes (4)
- [F1]Represents the number of shares of Issuer common stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 5,000 Restricted Stock Units ("RSUs") on January 10, 2021. This sale is mandated by the Issuer's election under its 2013 Stock Incentive Plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from 4.205 to $4.232 per share. 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.
- [F3]Of the reported securities beneficially owned, 20,125 shares are represented by unvested RSUs.
- [F4]The stock option award was granted under the Issuer's 2013 Stock Incentive Plan. The stock option vests and becomes exercisable over a four-year period commencing on January 8, 2021. Twenty-five percent (25%) of the stock option vests and becomes exercisable on January 8, 2022 (first anniversary of the date of grant) and the balance vests in twelve equal quarterly installments over the remaining three years of the four-year period, subject to continued service with the Issuer.
Documents
Issuer
IDERA PHARMACEUTICALS, INC.
CIK 0000861838
Entity typeother
Related Parties
1- filerCIK 0001556327
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 7:12 PM ET
- Size
- 8.4 KB