4//SEC Filing
Wilhoit Scott L. 4
Accession 0001179110-21-009285
CIK 0001634432other
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 7:43 PM ET
Size
8.0 KB
Accession
0001179110-21-009285
Insider Transaction Report
Form 4
Wilhoit Scott L.
Chief Commercial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2021-10-05−649,000→ 0 total→ Ordinary Shares (649,000 underlying) - Disposition to Issuer
Ordinary Shares
2021-10-05−109,510→ 0 total
Footnotes (2)
- [F1]Ordinary shares of Issuer were converted into shares of common stock of Xeris Biopharma Holdings, Inc. ("HoldCo") pursuant to the Transaction Agreement (the "Agreement"), dated May 24, 2021, among the Issuer, Xeris Pharmaceuticals, Inc., HoldCo and Wells MergerSub, Inc. Under the Agreement, each ordinary share of Issuer was exchanged for 0.784 of a share of HoldCo common stock, and cash in lieu of fractional shares, plus one contingent value right (a "CVR") worth up to an additional $1.00, payable in cash, HoldCo common stock or a combination thereof at HoldCo's sole election.
- [F2]Under the Agreement, each option to purchase ordinary shares of Issuer was automatically converted into an option to acquire a number of shares of HoldCo common stock determined by multiplying the number of ordinary shares of Issuer subject to such option by 0.784 (rounded down to the nearest whole share), at an exercise price per share (rounded up to the nearest whole cent) determined by dividing the per-share exercise price of Issuer option by 0.784, with the same terms and conditions as applied to the applicable option prior to closing of the transaction. HoldCo issued one CVR with respect to each ordinary share of Issuer subject to each option prior to the adjustment described herein, subject to the same vesting and forfeiture conditions applicable to the corresponding option.
Documents
Issuer
Strongbridge Biopharma plc
CIK 0001634432
Entity typeother
Related Parties
1- filerCIK 0001778589
Filing Metadata
- Form type
- 4
- Filed
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 7:43 PM ET
- Size
- 8.0 KB