Aaron Berg - 28 Feb 2023 Form 4 Insider Report for AMARIN CORP PLC\UK (AMRN)

Role
EVP, President US
Signature
By: /s/ Tom Reilly, by power of attorney
Issuer symbol
AMRN
Transactions as of
28 Feb 2023
Net transactions value
-$15,668
Form type
4
Filing time
08 Mar 2023, 07:30:14 UTC
Previous filing
23 Feb 2023
Next filing
21 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMRN Ordinary Shares Options Exercise +16,333 +3.3% 518,478 28 Feb 2023 Direct F1, F2, F3
transaction AMRN Ordinary Shares Tax liability $15,668 -7,718 -1.5% $2.03 510,760 28 Feb 2023 Direct F1, F4, F5

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 AMRN Restricted Stock Units Options Exercise $0 -16,333 -100% $0.000000* 0 28 Feb 2023 Ordinary Shares 16,333 $0.000000 Direct F1, F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
F2 On March 2, 2020, the Reporting Person was granted 49,000 Restricted Stock Units ("RSUs") under the Amarin Corporation plc 2011 Stock Incentive Plan. These RSUs vest in three equal installments on each of February 28, 2021, February 28, 2022 and February 28, 2023. The third and final vesting event occurred on February 28, 2023.
F3 Not applicable.
F4 Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.
F5 Please see the section titled "Remarks" below for additional information.
F6 Each RSU represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion.

Remarks:

In the case of a Change of Control (as defined in the Issuer's stock incentive plan), the grants described in this Form 4 vest in full. As of the date of this Form 4, the Reporting Person owns or holds the right to acquire an aggregate of 2,241,290 Ordinary Shares of the Issuer in the form of Ordinary Shares, stock options and RSUs outstanding under the Issuer's stock incentive plans, including but not limited to certain performance-based RSUs that are earned only if certain pre-defined operational milestones are achieved and, in certain cases, then vest only if the recipient remains with the company for an extended period of time.