Terrance Mcguire - Jun 14, 2023 Form 4 Insider Report for Alector, Inc. (ALEC)

Role
Director, 10%+ Owner
Signature
/s/ Marc Grasso, by power of attorney
Stock symbol
ALEC
Transactions as of
Jun 14, 2023
Transactions value $
$0
Form type
4
Date filed
6/15/2023, 04:03 PM
Previous filing
May 25, 2023
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALEC Common Stock Award $0 +26.3K +117.62% $0.00 48.6K Jun 14, 2023 Direct F1
holding ALEC Common Stock 11.9M Jun 14, 2023 See footnote F2
holding ALEC Common Stock 26.3K Jun 14, 2023 See footnote 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 ALEC Stock Option (right to buy) Award $0 +12.4K $0.00 12.4K Jun 14, 2023 Common Stock 12.4K $7.71 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by restricted stock units, or RSUs, which vest on the earlier of (i) June 14, 2024 or (ii) the date of the Issuer's next annual meeting of stockholders.
F2 654,463 shares are held by Polaris Venture Partners Founders' Fund VI, L.P. ("PVPFF VI"), 8,589,364 shares are held by Polaris Venture Partners VI (AIV), L.P. ("PVP VI AIV"), 2,111,522 shares are held by Polaris Venture Partners VI (AIV-B), L.P. and 498,468 shares are held by Polaris Venture Partners VI, L.P. ("PVP VI")(collectively, the "Polaris Funds"). As a Managing Member of Polaris Venture Management Co. VI, L.L.C. ("PVM"), the Reporting Person may be deemed to share the power to vote and dispose of the shares held by the Polaris Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Polaris Funds, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his respective pecuniary interest therein.
F3 Shares held by McGuire Family 2008 GST Non-Exempt Irrevocable Trust ("McGuire Family Trust"). The Reporting Person, a member of the Issuer's board of directors, is the donor of McGuire Family Trust and may be deemed to have shared power to vote and dispose of the shares held by McGuire Family Trust.v
F4 The shares subject to the option vest in 12 equal monthly installments beginning on July 14, 2023, provided that the shares subject to the option will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders.