Retrophin, Inc. 4
4 · Retrophin, Inc. · Filed Nov 24, 2014
Insider Transaction Report
Form 4
Retrophin, Inc.RTRX
Shkreli Martin
DirectorChief Executive Officer10% Owner
Transactions
- OtherSwap
Prepaid Forward Contract (obligation to sell)
2014-09-12+205,000→ 205,000 totalFrom: 2016-09-15Exp: 2016-09-21→ Common Stock (205,000 underlying) - OtherSwap
Prepaid Forward Contract (obligation to sell)
2014-09-09+123,000→ 123,000 totalFrom: 2016-09-12Exp: 2016-09-14→ Common Stock (123,000 underlying) - Sale
Common Stock
2014-11-17$9.41/sh−100,000$941,100→ 2,737,168 total - Sale
Common Stock
2014-11-18$9.19/sh−254,975$2,343,501→ 2,482,193 total - Sale
Common Stock
2014-11-19$8.54/sh−329,824$2,817,093→ 2,152,369 total - Sale
Common Stock
2014-11-21$8.41/sh−252,847$2,126,443→ 1,765,168 total - Sale
Common Stock
2014-11-14$10.23/sh−100,000$1,022,790→ 2,837,168 total - Sale
Common Stock
2014-11-20$8.23/sh−134,354$1,105,989→ 2,018,015 total
Footnotes (2)
- [F1]On September 9, 2014, the reporting person entered into a prepaid forward contract with an unaffiliated third party buyer. The contract obligates the reporting person to deliver to the buyer, at the reporting person's option, up to 123,000 shares of common stock, par value $0.0001 per share ("Common Stock"), of Retrophin, Inc., cash or a combination thereof on the maturity date of the contract (September 14, 2016). In exchange for assuming this obligation, the reporting person received a cash payment of $1,069,166 as of the date of entering into the contract. The reporting person pledged 123,000 shares of Common Stock (the "September 9 Pledged Shares") to secure his obligations under such contract and retained voting rights in the September 9 Pledged Shares during the term of the pledge.
- [F2]On September 12, 2014, the reporting person entered into a prepaid forward contract with an unaffiliated third party buyer. The contract obligates the reporting person to deliver to the buyer, at the reporting person's option, up to 205,000 shares of Common Stock, cash or a combination thereof on the maturity date of the contract (September 21, 2016). In exchange for assuming this obligation, the reporting person received a cash payment of $1,789,679 as of the date of entering into the contract. The reporting person pledged 205,000 shares of Common Stock (the "September 12 Pledged Shares") to secure his obligations under such contract and retained voting rights in the September 12 Pledged Shares during the term of the pledge.