4//SEC Filing
HUGIN ROBERT J 4
Accession 0001562180-22-007077
CIK 0001935979other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 5:37 PM ET
Size
29.7 KB
Accession
0001562180-22-007077
Insider Transaction Report
Form 4
Biohaven Ltd.BHVN
HUGIN ROBERT J
Director
Transactions
- Other
Common Shares
2022-10-03+1,708→ 3,158 total - Exercise/Conversion
Common Shares
2022-10-03$4.84/sh+4,119$19,936→ 7,277 total - Exercise/Conversion
Common Shares
2022-10-03$3.39/sh+9,474$32,117→ 22,749 total - Other
Stock Options (Right to Buy)
2022-10-03+9,474→ 9,474 totalExercise: $3.39Exp: 2030-06-09→ Common Shares (9,474 underlying) - Tax Payment
Common Shares
2022-10-03$7.50/sh−3,263$24,473→ 19,486 total - Other
Stock Options (Right to Buy)
2022-10-03+4,119→ 4,119 totalExercise: $4.84Exp: 2032-04-28→ Common Shares (4,119 underlying) - Other
Stock Options (Right to Buy)
2022-10-03+5,998→ 5,998 totalExercise: $3.56Exp: 2031-05-05→ Common Shares (5,998 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2022-10-03−9,474→ 0 totalExercise: $3.39Exp: 2030-06-09→ Common Shares (9,474 underlying) - Award
Stock Options (Right to Buy)
2022-10-03+125,000→ 125,000 totalExercise: $7.00Exp: 2032-10-04→ Common Shares (125,000 underlying) - Other
Common Shares
2022-10-03+1,450→ 1,450 total - Exercise/Conversion
Common Shares
2022-10-03$3.56/sh+5,998$21,353→ 13,275 total - Exercise/Conversion
Stock Options (Right to Buy)
2022-10-03−4,119→ 0 totalExercise: $4.84Exp: 2032-04-28→ Common Shares (4,119 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2022-10-03−5,998→ 0 totalExercise: $3.56Exp: 2031-05-05→ Common Shares (5,998 underlying)
Footnotes (5)
- [F1]Represents common shares of the Issuer ("Common Shares") acquired by the Reporting Person in a pro rata distribution by Biohaven Pharmaceutical Holding Company Ltd.. ("RemainCo") to holders of its common shares (the "Distribution") pursuant to the Separation and Distribution Agreement (the "Separation Agreement"), dated as of May 9, 2022, by and among RemainCo, the Issuer, and Pfizer Inc. ("Pfizer").
- [F2]Effective as of the Distribution, each outstanding restricted share unit of RemainCo was adjusted so that such restricted share unit became a restricted share unit in respect of Common Shares (each, an "Issuer RSU") and a restricted share unit in respect of RemainCo common shares. At the effective time of the merger of a wholly owned subsidiary of Pfizer ("Merger Sub") with and into RemainCo pursuant to the Agreement and Plan of Merger, dated as of May 9, 2022, by and among RemainCo, Pfizer and Merger Sub, the Issuer RSUs accelerated and vested in full and were subsequently settled in Common Shares. As a result, the Reporting Person acquired restricted share units in respect of Common Shares in an amount determined in accordance with the Separation Agreement.
- [F3]These shares were withheld by the Issuer in connection with share settlement to cover the cost of the stock options.
- [F4]Effective as of the Distribution, each outstanding option to purchase common shares of RemainCo was adjusted so that such option became an option to acquire Common Shares and an option to acquire RemainCo common shares. As a result, the Reporting Person acquired options to acquire the Issuer's Common Shares in an amount determined in accordance with the Separation Agreement.
- [F5]The shares underlying this option vest in four equal installments on October 3, 2022, 2023, 2024, and 2025, subject to the Reporting Person's continuous service with the Issuer at each vesting date.
Documents
Issuer
Biohaven Ltd.
CIK 0001935979
Entity typeother
Related Parties
1- filerCIK 0001232505
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 5:37 PM ET
- Size
- 29.7 KB