Kenneth A. Clark - 07 Oct 2021 Form 4 Insider Report for Summit Therapeutics Inc. (SMMT)

Role
Director
Signature
/s/ Kenneth A. Clark
Issuer symbol
SMMT
Transactions as of
07 Oct 2021
Net transactions value
$0
Form type
4
Filing time
12 Oct 2021, 08:40:30 UTC
Previous filing
21 May 2021
Next filing
05 Jan 2022
SEC
View on sec.gov

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 SMMT Stock Option (right to buy) Award +200,000 200,000 07 Oct 2021 Common Stock 200,000 $5.03 Direct F1, F3
transaction SMMT Stock Option (right to buy) Award +6,250 +3.1% 206,250 07 Oct 2021 Common Stock 6,250 $5.03 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was granted on October 7, 2021. The shares underlying the option are scheduled to vest in four equal annual installments, with the first such installment occurring on October 7, 2022.
F2 The option was granted on October 7, 2021 and represents a pro rata amount of the annual 25,000 option board grant based approximately on the number of days this year the reporting person is anticipated to serve as a director. The shares underlying the option are scheduled to vest in full on December 31, 2021.
F3 Not applicable.