Form 4 for ASMB ASSEMBLY BIOSCIENCES, INC.
Accepted 2022-03-31 00:00:00 ET · period of report 2022-03-29 · accession 0001209191-22-021770 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-31 | 2022-03-30 | ASMB | McHutchison John G | CEO, Pres, Dir | S - Sale | $2.17 | -4,614 | 204.8K | -2% | -$10.0K |
| D | 2022-03-31 | 2022-03-29 | ASMB | McHutchison John G | CEO, Pres, Dir | A - Grant | $0.00 | +83.8K | 209.4K | +67% | $0 |
| DM | 2022-03-31 | 2022-03-29 | ASMB | McHutchison John G | CEO, Pres, Dir | A - Grant | $0.00 | +418.8K | 83.8K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-30 | S | D | 4,614 | $2.17 | 204,829 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.10 to $2.25, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within. |
| 2 | Common | Common Stock | 2022-03-29 | A | A | 83,750 | $0.00 | 209,443 | D | — | — | (F1) Grant of restricted stock units. The restricted stock units vest in four approximately equal installments, assuming continuous service on each vesting date, as follows: March 29, 2023; March 29, 2024; March 29, 2025; and March 29, 2026. |
| 3 | Derivative | Stock Option (right to buy) | 2022-03-29 | A | A | 335,000 | $0.00 | 335,000 | D | $2.30 · — to 2032-03-29 | 335,000 Common Stock | (F4) Grant of stock options. The stock options vest over four years, assuming continuous service on each vesting date, as follows: 25% vest on the first anniversary of the date of grant, March 29, 2023; and the remaining 75% vest in 36 approximately equal monthly installments, with the options becoming fully vested on March 29, 2026. |
| 4 | Derivative | Performance-based Restricted Stock Units | 2022-03-29 | A | A | 83,750 | $0.00 | 83,750 | D | — · — to 2027-03-29 | 83,750 Common Stock | (F5) Each performance-based restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. The shares are earned if either of two trading price metrics are met (each a "Stock Metric") either on or before the second or on or before the fourth anniversary of the grant date, as applicable. If a Stock Metric is met on or before the first anniversary of the grant date, then 50% of the RSUs vest on the first anniversary of the grant date and the remainder will vest on the second anniversary of the grant date. If a Stock Metric is achieved after the first anniversary of the grant date and on or before the fourth anniversary of the grant date, then 50% of the RSUs vest on the date that the Stock Metric is achieved and the remaining 50% of the RSUs vest on the first anniversary of the initial vesting date. Special vesting provisions apply in the case of a change in control transaction. |