4//SEC Filing
Clayman Michael D. 4
Accession 0001209191-21-006328
CIK 0001419600other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 8:17 PM ET
Size
9.8 KB
Accession
0001209191-21-006328
Insider Transaction Report
Form 4
Clayman Michael D.
DirectorPresident and CEO
Transactions
- Award
Common Stock
2021-01-27+119,500→ 275,677 total - Tax Payment
Common Stock
2021-01-28$12.37/sh−8,776$108,559→ 266,901 total
Holdings
- 347,908(indirect: By Trust)
Common Stock
- 24,600(indirect: By Trust)
Common Stock
- 388,683(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]On March 2, 2020, the Reporting Person was granted 175,000 restricted stock units. The vesting of the shares under the restricted stock unit award was to be based on the achievement of a specified amount of 2020 revenues from ZILRETTA product sales established at the time of the Compensation Committee's approval of the restricted stock unit award. On January 27, 2021, the Compensation Committee certified the achievement of a specified amount of 2020 revenues from ZILRETTA product sales resulting in the commencement of vesting of 119,500 shares. The remaining 55,500 restricted stock units granted to the Reporting Person on March 2, 2020, were forfeited based on the above performance metrics. The Reporting Person previously reported the restricted stock units in Table II of Form 4.
- [F2]Withholding of shares by the Issuer to satisfy income tax obligations associated with the vesting of a restricted stock unit award granted to the Reporting Person on March 2, 2020.
- [F3]Shares held by Versant Development Fund III, LLC. The Reporting Person is a manager and minority member of Versant Development Fund III, LLC. The Reporting Person disclaims any beneficial ownership of the shares held by Versant Development Fund III, LLC except to the extent of his pecuniary interest in these shares.
Documents
Issuer
Flexion Therapeutics Inc
CIK 0001419600
Entity typeother
Related Parties
1- filerCIK 0001597407
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 8:17 PM ET
- Size
- 9.8 KB