Form 4 for PTN PALATIN TECHNOLOGIES INC
Accepted 2023-08-16 00:00:00 ET · period of report 2023-08-15 · accession 0001654954-23-010938 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-08-16 | 2023-08-15 | PTN | WILLS STEPHEN T | CFO, COO, Executive VP | F - Tax | $2.21 | -8,088 | 335.3K | -2% | -$17.9K |
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 | 2023-08-15 | F | D | 1,527 | $2.19 | 339,081 | D | — | — | (F1) A certificate of amendment of the articles of incorporation of Palatin Technologies for a 1-for-25 reverse stock split of issued and outstanding common stock (the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"). All share and per share numbers herein, including common stock and awards made or vested prior to the Effective Date, have been adjusted to give effect to the Reverse Stock Split. (F2) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 16, 2023, the date of vesting. The grant of the underlying 5,570 time-based restricted share units, which vested on June 16, 2023, was reported on Form 4 filed on June 18, 2020 as to one half of the total grant, and on Form 4 filed on June 26, 2020 as to the remaining one half, which had been granted contingent on increasing the shares reserved for grant under the 2011 Stock Incentive Plan, which was approved the stockholders at a meeting on June 25, 2020. |
| 2 | Common | Common Stock | 2023-08-15 | F | D | 1,246 | $2.19 | 337,835 | D | — | — | (F3) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 16, 2023, the date of vesting. The grant and vesting of the underlying 4,543 restricted share units was reported on Form 4 filed on June 22, 2023, with a transaction date of June 20, 2023. |
| 3 | Common | Common Stock | 2023-08-15 | F | D | 1,670 | $2.24 | 336,165 | D | — | — | (F1) A certificate of amendment of the articles of incorporation of Palatin Technologies for a 1-for-25 reverse stock split of issued and outstanding common stock (the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"). All share and per share numbers herein, including common stock and awards made or vested prior to the Effective Date, have been adjusted to give effect to the Reverse Stock Split. (F4) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 22, 2023, the date of vesting. The grant of the underlying 6,090 time-based restricted share units, which vested on June 22, 2023, was reported on Form 4 filed on June 24, 2021. |
| 4 | Common | Common Stock | 2023-08-15 | F | D | 1,083 | $2.24 | 334,206 | D | — | — | (F1) A certificate of amendment of the articles of incorporation of Palatin Technologies for a 1-for-25 reverse stock split of issued and outstanding common stock (the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"). All share and per share numbers herein, including common stock and awards made or vested prior to the Effective Date, have been adjusted to give effect to the Reverse Stock Split. (F6) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 22, 2023, the date of vesting. The grant of the underlying 3,950 time-based restricted share units, which vested on June 22, 2023, was reported on Form 4 filed on June 28, 2022. |
| 5 | Common | Common Stock | 2023-08-15 | F | D | 677 | $2.24 | 333,529 | D | — | — | (F7) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 22, 2023, the date of vesting. The grant and vesting of the underlying 2,469 restricted share units was reported on Form 4 filed on June 22, 2023, with a transaction date of June 20, 2023. |
| 6 | Common | Common Stock | 2023-08-15 | F | D | 554 | $2.17 | 332,975 | D | — | — | (F1) A certificate of amendment of the articles of incorporation of Palatin Technologies for a 1-for-25 reverse stock split of issued and outstanding common stock (the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"). All share and per share numbers herein, including common stock and awards made or vested prior to the Effective Date, have been adjusted to give effect to the Reverse Stock Split. (F8) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 24, 2023, the date of vesting. The grant of the underlying 2,020 time-based restricted share units which vested on June 24, 2023 was reported on Form 4 filed on June 26, 2019. |
| 7 | Common | Common Stock | 2023-08-15 | F | D | 455 | $2.17 | 332,520 | D | — | — | (F1) A certificate of amendment of the articles of incorporation of Palatin Technologies for a 1-for-25 reverse stock split of issued and outstanding common stock (the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern Time on August 30, 2022 (the "Effective Date"). All share and per share numbers herein, including common stock and awards made or vested prior to the Effective Date, have been adjusted to give effect to the Reverse Stock Split. (F9) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 24, 2023, the date of vesting. The grant and vesting of the underlying 1,658 restricted share units was reported on Form 4 filed on June 22, 2023, with a transaction date of June 20, 2023. |
| 8 | Common | Common Stock | 2023-08-15 | F | D | 876 | $2.24 | 335,289 | D | — | — | (F5) Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 15, 2023, with the per share value determined as of June 22, 2023, the date of vesting. The grant and vesting of the underlying 3,196 restricted share units was reported on Form 4 filed on June 22, 2023, with a transaction date of June 20, 2023. |