Form 4 for PTN PALATIN TECHNOLOGIES INC
Accepted 2024-07-16 00:00:00 ET · period of report 2024-06-04 · accession 0001654954-24-009000 · 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 | 2024-07-16 | 2024-06-04+ | PTN | WILLS STEPHEN T | CFO, COO, Executive VP | A - Grant | $0.00 | +98.0K | 296.6K | +49% | $0 |
| DM | 2024-07-16 | 2024-06-04+ | PTN | WILLS STEPHEN T | CFO, COO, Executive VP | A - Grant | $0.00 | +149.1K | 288.1K | +107% | $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 | 2024-06-04 | A | A | 4,616 | $0.00 | 313,408 | D | — | — | (F4) Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 22, 2022, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following June 4, 2024. |
| 2 | Common | Common Stock | 2024-06-04 | A | A | 12,218 | $0.00 | 325,626 | D | — | — | (F5) Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 20, 2023, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following June 4, 2024. |
| 3 | Common | Common Stock | 2024-06-04 | A | A | 7,051 | $0.00 | 303,687 | D | — | — | (F2) Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 16, 2020, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following June 4, 2024. |
| 4 | Common | Common Stock | 2024-06-04 | A | A | 5,105 | $0.00 | 308,792 | D | — | — | (F3) Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The performance condition grant, made June 22, 2021, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. The shares have not been issued as of the date of this Form 4, but will be issued on or before the 60th day following June 4, 2024. |
| 5 | Common | Common Stock | 2024-07-15 | A | A | 69,000 | $0.00 | 296,636 | D | — | — | (F1) Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The restricted share units vest at the rate of 25% per year, with the initial vesting on June 4, 2025. The restricted share units were granted by the Compensation Committee on June 4, 2024, which grant was subject to certification by the Chief Financial Officer that the shareholders had increased the shares reserved under the 2011 Stock Incentive Plan, and that there were no impediments to the grant of the options. The required certification was made on July 15, 2024. |
| 6 | Derivative | Stock Option (Right to Buy) | 2024-06-04 | A | A | 19,125 | $0.00 | 326,501 | D | $2.19 · 2024-06-04 to 2033-06-20 | 19,125 Common Stock | (F10) Performance-based stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 20, 2023, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. |
| 7 | Derivative | Stock Option (Right to Buy) | 2024-07-15 | A | A | 99,000 | $0.00 | 276,416 | D | $1.83 · 2024-06-04 to 2034-06-04 | 99,000 Common Stock | (F6) Stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock, and which vest at the rate of 25% per year, with the initial vesting on June 4, 2025. The options were granted by the Compensation Committee on June 4, 2024, which grant was subject to certification by the Chief Financial Officer that the shareholders had increased the shares reserved under the 2011 Stock Incentive Plan, and that there were no impediments to the grant of the options. The required certification was made on July 15, 2024. |
| 8 | Derivative | Stock Option (Right to Buy) | 2024-06-04 | A | A | 12,409 | $0.00 | 300,510 | D | $13.75 · 2024-06-04 to 2031-06-22 | 12,409 Common Stock | (F8) Performance-based stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 22, 2021, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. |
| 9 | Derivative | Stock Option (Right to Buy) | 2024-06-04 | A | A | 6,866 | $0.00 | 307,376 | D | $7.25 · 2024-06-04 to 2032-06-22 | 6,866 Common Stock | (F9) Performance-based Stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 22, 2022, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. |
| 10 | Derivative | Stock Option (Right to Buy) | 2024-06-04 | A | A | 11,685 | $0.00 | 288,101 | D | $14.50 · 2024-06-04 to 2030-06-16 | 11,685 Common Stock | (F7) Performance-based stock options granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, upon payment of the exercise price, one share of common stock. The performance condition stock option grant, made June 16, 2020, vested in part on June 4, 2024, upon certification by the Compensation Committee that a defined performance objective as to 85% of the target number of share units for the fiscal year ended June 30, 2024. |