4//SEC Filing
BIRD JEFFREY W 4
Accession 0001225208-20-009616
CIK 0001269021other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 7, 3:39 PM ET
Size
28.0 KB
Accession
0001225208-20-009616
Insider Transaction Report
Form 4
BIRD JEFFREY W
Director
Transactions
- Disposition to Issuer
Common Stock
2020-07-02$18.00/sh−45,402$817,236→ 0 total(indirect: By Partnership) - Disposition to Issuer
Common Stock
2020-07-02$18.00/sh−458,569$8,254,242→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−6,000→ 0 totalExercise: $24.19Exp: 2026-06-01→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−14,101→ 0 totalExercise: $19.74Exp: 2023-06-04→ Common Stock (14,101 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−6,991→ 0 totalExercise: $26.09Exp: 2029-06-12→ Common Stock (6,991 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−6,000→ 0 totalExercise: $35.06Exp: 2027-06-16→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−10,000→ 0 totalExercise: $29.19Exp: 2024-06-27→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−6,000→ 0 totalExercise: $42.81Exp: 2028-06-07→ Common Stock (6,000 underlying) - Disposition to Issuer
Common Stock
2020-07-02$18.00/sh−20,475$368,550→ 0 total - Disposition to Issuer
Common Stock
2020-07-02$18.00/sh−10,007$180,126→ 0 total(indirect: By Ltd Liability Company (SHM)) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−11,377→ 0 totalExercise: $17.94Exp: 2030-06-12→ Common Stock (11,377 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-07-02−10,000→ 0 totalExercise: $44.39Exp: 2025-06-16→ Common Stock (10,000 underlying)
Footnotes (7)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of May 5, 2020, by and among Portola Pharmaceuticals, Inc. (the "Issuer"), Alexion Pharmaceuticals, Inc. ("Alexion") and Odyssey Merger Sub Inc. ("Merger Sub") (the "Merger Agreement"), on July 2, 2020, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a direct, wholly owned subsidiary of Alexion (the "Merger"). At the effective time of the Merger (the "Effective Time"), these shares were canceled in exchange for $18.00 per share in cash, without interest and subject to any applicable withholding taxes.
- [F2]The reporting person shares pecuniary interest in these shares with other parties pursuant to contractual relationships. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in these shares.
- [F3]Shares held by Sutter Hill Management Company, L.L.C. ("SHM"). Sutter Hill Ventures, a California Limited Partnership ("SHV") has voting and dispositive power over the shares held by SHM, and the reporting person is a trustee of a trust which is a member of SHM. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest therein.
- [F4]Shares held by a limited partnership of which the reporting person is a trustee of a trust which is the general partner. The reporting person disclaims beneficial ownership of these shares except as to the reporting person's pecuniary interest therein.
- [F5]Shares held by a trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in the trust.
- [F6]In connection with the Merger, these options were canceled without payment.
- [F7]At the Effective Time, this unvested and outstanding option was accelerated, canceled and converted into the right to receive a cash amount equal to the product of (i) the number of shares that are subject to such options and (ii) $18.00 less the applicable exercise price per share of such options, subject to any applicable withholding or other taxes required by applicable law.
Documents
Issuer
PORTOLA PHARMACEUTICALS INC
CIK 0001269021
Entity typeother
Related Parties
1- filerCIK 0001250409
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 7, 3:39 PM ET
- Size
- 28.0 KB