Form 4 for ALEC Alector, Inc.

Accepted 2022-01-05 00:00:00 ET · period of report 2022-01-03 · accession 0001209191-22-001791 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DM	2022-01-05	2022-01-03	ALEC	Kenkare-Mitra Sara	Pres, Head of R, D	A - Grant	$0.00	+118.0K	118.0K	New	$0
D	2022-01-05	2022-01-03	ALEC	Kenkare-Mitra Sara	Pres, Head of R, D	A - Grant	$0.00	+300.0K	300.0K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-01-03	A	A	59,000	$0.00	59,000	D	—	—	(F1) Shares consist of restricted stock units, or RSUs, which vest as follows: one-third of the RSUs vest on March 1, 2023 and one-twelfth of the RSUs vest quarterly thereafter.
2	Common	Common Stock	2022-01-03	A	A	59,000	$0.00	118,000	D	—	—	(F2) Shares consist of performance share units, or PSUs, which vest as follows: twenty-five percent of the award will be earned if, within four years of January 3, 2022, the Issuer's average closing stock price is $30 per share for 40 consecutive trading days and the remaining seventy-five percent will be earned if the average closing stock price is $40 per share for 40 consecutive trading days. Upon attainment of the performance metrics, the shares vest in four equal quarterly installments beginning on the first vesting date as set forth in the PSU award agreement.
3	Derivative	Employee Stock Option (right to buy)	2022-01-03	A	A	300,000	$0.00	300,000	D	$20.78 · — to 2032-01-03	300,000 Common Stock	(F3) Twenty-five percent of the shares subject to the option shall vest on December 15, 2022 and one forty-eighth of the shares vest monthly thereafter.