Yi Liang - 01 Apr 2022 Form 4 Insider Report for Zai Lab Ltd (ZLAB)

Role
CCO & President, Greater China
Signature
By: /s/ Bruce A. Blefeld Attorney-in-Fact
Issuer symbol
ZLAB
Transactions as of
01 Apr 2022
Net transactions value
$0
Form type
4
Filing time
05 Apr 2022, 16:05:28 UTC
Next filing
27 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZLAB American Depositary Shares Options Exercise $0 +730 +0.7% $0.000000 104,847 01 Apr 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZLAB Stock Options (Right to Buy) Award $0 +37,585 $0.000000 37,585 01 Apr 2022 American Depositary Shares 37,585 $45.47 Direct F1, F3, F4
transaction ZLAB Restricted Share Units Award $0 +7,154 $0.000000 7,154 01 Apr 2022 American Depositary Shares 7,154 Direct F1, F5, F6
transaction ZLAB Restricted Share Units Options Exercise $0 -730 -20% $0.000000 2,920 01 Apr 2022 American Depositary Shares 730 Direct F1, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each American Depositary Share (ADS) represents ten Ordinary Shares of the issuer.
F2 ADSs acquired on vesting of Restricted Share Units. Each ADS represents ten Ordinary Shares of the issuer.
F3 The Stock Options are exercisable for ADSs. The number of securities underlying each option and the exercise price therefor are represented in ADSs. Each ADS represents ten Ordinary Shares of the issuer.
F4 The Stock Options vest in equal annual installments over five years beginning on 04/01/2023, the first anniversary of the date of grant.
F5 Each Restricted Share Unit represents a contingent right to receive one ADS, which represents ten Ordinary Shares of the issuer.
F6 The Restricted Share Units vest in equal annual installments over five years beginning on 04/01/2023, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.
F7 The Restricted Share Units vest in equal annual installments over five years beginning on 04/01/2022, the first anniversary of the date of grant. Vested shares will be delivered in the form of ADSs to the reporting person following vesting.

Remarks:

***The Power of Attorney given by Mr. Liang was previously filed with the U.S. Securities and Exchange Commission on January 4, 2021 as an exhibit to the Form 3 filed by Mr. Liang.