4//SEC Filing
Sellers William R. 4
Accession 0001628280-21-023473
CIK 0001860782other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 6:48 AM ET
Size
16.5 KB
Accession
0001628280-21-023473
Insider Transaction Report
Form 4
Sellers William R.
Director
Transactions
- Award
Common Stock
2021-11-11+2,002→ 3,202 total - Award
Stock Option (right to buy)
2021-11-11+984→ 984 totalExercise: $99.53Exp: 2030-06-18→ Common Stock (984 underlying) - Award
Stock Option (right to buy)
2021-11-11+3,219→ 3,219 totalExercise: $50.98Exp: 2031-06-15→ Common Stock (3,219 underlying) - Award
Common Stock
2021-11-11+219→ 219 total - Award
Stock Option (right to buy)
2021-11-11+2,625→ 2,625 totalExercise: $163.24Exp: 2029-09-25→ Common Stock (2,625 underlying)
Footnotes (9)
- [F1]In connection with the separation (the "Separation") of seventy bio, Inc. ("2seventy") from bluebird bio, Inc. ("bluebird"), the reporting person received restricted stock units, each representing the right to receive a share of 2seventy's common stock, as a result of the adjustment of existing bluebird restricted stock units prior to the Separation (see footnotes 2 and 3). This restricted stock unit award vests ratably over three years in annual installments commencing on September 25, 2019.
- [F2]bluebird equity awards granted prior to January 1, 2021 were converted into equity awards of both bluebird and 2seventy. The number of shares underlying the converted bluebird equity awards was determined by multiplying the number of shares underlying the existing bluebird equity award by a fraction, the numerator of which is the volume-weighted average trading price of bluebird common stock (trading "regular way") on the five trading days immediately prior to the distribution date (the "bluebird Pre-Distribution VWAP"), the denominator of which is the sum of (1) the volume-weighted average trading price of 2seventy common stock (trading "regular way") on the five trading days immediately following the distribution date (the "2seventy VWAP") multiplied by the distribution ratio and (2) the volume-weighted average trading price of bluebird common stock (trading "regular way") on the five trading days immediately following the distribution date (the "bluebird Post-Distribution VWAP").
- [F3]The number of shares underlying the converted 2seventy equity awards was determined by multiplying the number of shares underlying the existing bluebird equity awards by a fraction, the numerator of which is the bluebird Pre-Distribution VWAP and the denominator of which is the sum of (1) the 2seventy VWAP multiplied by the distribution ratio and (2) the quotient obtained by dividing the bluebird Post-Distribution VWAP by the distribution ratio. bluebird equity awards granted on or after January 1, 2021, such equity awards were converted into 2seventy equity awards. The number of shares of 2seventy common stock underlying such converted equity awards is equal to the number of shares of bluebird common stock subject to the equity award immediately prior to the distribution multiplied by a fraction, the numerator of which is the bluebird Pre-Distribution VWAP and the denominator of which is the 2seventy VWAP.
- [F4]In connection with the Separation, the reporting person received restricted stock units, each representing the right to receive a share of 2seventy's common stock, as a result of the adjustment of existing bluebird restricted stock units prior to the Separation (see footnotes 2 and 3). This restricted stock unit award vests 100% on the earlier of June 15, 2022 or the date of the next annual meeting of stockholders.
- [F5]Includes 981 shares of 2seventy's common stock received in a pro rata distribution by bluebird as a result of the Separation.
- [F6]Represents options to purchase shares of 2seventy's common stock granted to the reporting person in connection with the Separation (see footnotes 2 and 3).
- [F7]This option vests ratably over three years in annual installments commencing on September 25, 2019 (see footnotes 2 and 3).
- [F8]This option is fully vested and exercisable as of the date hereof (see footnotes 2 and 3).
- [F9]This option vests 100% on the earlier of June 15, 2022 or the date of the next annual meeting of stockholders (see footnotes 2 and 3).
Documents
Issuer
2seventy bio, Inc.
CIK 0001860782
Entity typeother
Related Parties
1- filerCIK 0001776354
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 6:48 AM ET
- Size
- 16.5 KB