4//SEC Filing
Timberlake John Edward 4
Accession 0001701029-17-000007
CIK 0001619250other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 5:27 PM ET
Size
6.2 KB
Accession
0001701029-17-000007
Insider Transaction Report
Form 4
Timberlake John Edward
DirectorSee Remarks
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2017-12-05−74,700→ 187,500 totalExercise: $7.12Exp: 2027-03-23→ Common Stock (74,700 underlying)
Footnotes (2)
- [F1]The option was granted on March 23, 2017 and provided for 25% vesting on September 23, 2017, the six-month anniversary of the original date of grant. The remaining shares underlying the option vest in 10 substantially equal quarterly installments upon completion of each additional three months of service measured after such six-month anniversary.
- [F2]On December 5, 2017, the reporting person surrendered 74,700 shares underlying the option, which represents a portion of the option that was inadvertently issued to the reporting person above the annual individual grant limit imposed by the Issuer's employee stock option plan. The revised option consists of 187,500 shares with an exercise price of $7.12 per share. As of the date of this report, 25% of the option (46,875 shares) has vested, and the remaining 140,625 shares underlying the option vest in accordance with the same schedule as set forth in (1) above.
Documents
Issuer
Valeritas Holdings Inc.
CIK 0001619250
Entity typeother
Related Parties
1- filerCIK 0001701029
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 5:27 PM ET
- Size
- 6.2 KB