Charles S. Berkman - 01 Nov 2022 Form 4 Insider Report for OmniAb, Inc. (OABI)

Role
Chief Legal Officer and Secretary
Signature
/s/ Charles S. Berkman
Issuer symbol
OABI
Transactions as of
01 Nov 2022
Net transactions value
$0
Form type
4
Filing time
03 Nov 2022, 21:16:57 UTC
Previous filing
30 Sep 2022
Next filing
05 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OABI Common Stock Award +353,716 353,716 01 Nov 2022 Direct F1, F2, F3

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 OABI Stock Option Award +8,339 8,339 01 Nov 2022 Common Stock 8,339 $6.46 Direct F1, F4
transaction OABI Stock Option Award +17,778 17,778 01 Nov 2022 Common Stock 17,778 $9.84 Direct F1, F4
transaction OABI Stock Option Award +29,237 29,237 01 Nov 2022 Common Stock 29,237 $11.52 Direct F1, F4
transaction OABI Stock Option Award +39,777 39,777 01 Nov 2022 Common Stock 39,777 $18.24 Direct F1, F4
transaction OABI Stock Option Award +62,710 62,710 01 Nov 2022 Common Stock 62,710 $13.54 Direct F1, F5
transaction OABI Stock Option Award +73,716 73,716 01 Nov 2022 Common Stock 73,716 $10.98 Direct F1, F6
transaction OABI Stock Option Award +29,772 29,772 01 Nov 2022 Common Stock 29,772 $20.36 Direct F1, F7
transaction OABI Stock Option Award +175,477 175,477 01 Nov 2022 Common Stock 175,477 $10.41 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination of Avista Public Acquisition Corp. II and OmniAb, Inc. ("Legacy OmniAb"), as contemplated by an agreement and plan of merger, dated March 23, 2022 (the "Merger Agreement"), each share of common stock, option and award of restricted stock unit of Legacy OmniAb automatically converted into the right to receive securities of the Issuer with the same terms and conditions in accordance with an exchange ratio described in the Merger Agreement.
F2 Includes 97,769 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock and does not expire.
F3 Includes 96,038 earn-out shares subject to forfeiture provisions described in the Merger Agreement.
F4 The stock option is fully vested and exercisable.
F5 The stock option vests and is exercisable as to 12.5% of the underlying shares on August 11, 2019, and in 42 substantially equal monthly installments thereafter.
F6 The stock option vests and is exercisable as to 12.5% of the underlying shares on August 13, 2020, and in 42 substantially equal monthly installments thereafter.
F7 The stock option vests and is exercisable as to 12.5% of the underlying shares on August 3, 2021, and in 42 substantially equal monthly installments thereafter.
F8 The stock option vests and is exercisable as to 12.5% of the underlying shares on August 5, 2022, and in 42 substantially equal monthly installments thereafter.

Remarks:

Chief Legal Officer and Secretary