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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock option (right to buy) | $ 3.01 | 06/23/2014 | A | 340,502 (4) | (5) | 06/22/2024 | Common Stock | 340,502 | (2) | 532,432 | D | ||||
Stock option (right to buy) | $ 3.01 | 06/23/2014 | A | 159,498 (6) | (5) | 06/22/2024 | Common Stock | 159,498 | (2) | 691,930 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HOBBS EAMONN P C/O ANTARES PHARMA, INC. 100 PRINCETON SOUTH, SUITE 300 EWING, NJ 08628 |
X | President and CEO |
Robert F. Apple as attorney-in-fact for Eamonn P. Hobbs | 06/25/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the target number of shares Mr. Hobbs may receive pursuant to the terms of the performance stock unit award made to Mr. Hobbs uner the 2008 Equity Compensation Plan if certain performance goals are attained over the performance period specified in the award agreement evidencing the performance stock unit award and Mr. Hobbs continues in employment with the Company through that period. |
(2) | Not applicable |
(3) | Represents grants of shares of restricted Common Stock issued under the 2008 Equity Compensation Plan pursuant to Mr. Hobbs' employment agreement dated June 23, 2014. The shares vest in three equal annual installments. |
(4) | Represents grant of options to purchase shares of common stock, par value $0.01 per share, issued under the Antares Pharma, Inc. 2008 Equity Compensation Plan. The options were granted as a sign-on bonus pursuant to Mr. Hobbs' employment agreement dated June 23, 2014. |
(5) | The options vest in equal quarterly installments over three years. |
(6) | Represents grant of options to purchase shares of common stock, par value $0.01 per share, issued under the Antares Pharma, Inc. 2008 Equity Compensation Plan. The options were granted pursuant to Mr. Hobbs' employment agreement dated June 23, 2014. |