SPIGELMAN MELVIN K exercised options at SYNERGY PHARMACEUTICALS LLC
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 8/16/2018ACC: 0001104659-18-052475
Director
Since Aug 2018
-101.69K
Net shares
Net seller
$180.0K
Total acquired
0
Open market trades
0B · 0S
3
Total transactions
150K acquired · 251.69K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+150K
Price / share
$1.20
Trade value
$180K
% of position
New position
8/15/2018
0.00→150K
Common Stock
Direct
Shares
−101.69K
Price / share
—
Trade value
—
% of position
67.8%
8/15/2018
150K→48.30K
Total
Net shares
+48.30K
Net value
$180K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 8/15/2018 | M · Option Exercise | +150K | $1.20 | $180K | New position | 0.00 | 150K |
| Common Stock Direct | 8/15/2018 | F · Tax Withholding | −101.69K | — | — | 67.8% | 150K | 48.30K |
| Total | +48.30K | $180K | ||||||
Derivative Transactions1
Stock Options
Direct
Converts to
Common Stock
150K shares
Shares
−150K
Strike price
1.20
Held after
474.36K
Exercisable
—
8/15/2018
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Options Direct | Common Stock150K shares | 8/15/2018 | M · Option Exercise | −150K | 1.20 | — | 474.36K |