Sean Mackay - 21 Mar 2023 Form 4 Insider Report for IsoPlexis Corp

Role
Chief Executive Officer, Director
Signature
/s/Sean Mackay
Issuer symbol
N/A
Transactions as of
21 Mar 2023
Net transactions value
$0
Form type
4
Filing time
21 Mar 2023, 16:47:35 UTC
Previous filing
29 Aug 2022
Next filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISO Common Stock Disposed to Issuer -914,366 -100% 0 21 Mar 2023 Direct F1

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 ISO Stock Option Disposed to Issuer -834 -100% 0 21 Mar 2023 Common Stock 834 $0.2788 Direct F2, F3
transaction ISO Stock Option Disposed to Issuer -19,000 -100% 0 21 Mar 2023 Common Stock 19,000 $0.2788 Direct F2, F4
transaction ISO Stock Option Disposed to Issuer -52,000 -100% 0 21 Mar 2023 Common Stock 52,000 $0.4400 Direct F2, F5
transaction ISO Stock Option Disposed to Issuer -14,000 -100% 0 21 Mar 2023 Common Stock 14,000 $0.7263 Direct F2, F6
transaction ISO Stock Option Disposed to Issuer -14,000 -100% 0 21 Mar 2023 Common Stock 14,000 $0.7263 Direct F2, F7
transaction ISO Stock Option Disposed to Issuer -112,000 -100% 0 21 Mar 2023 Common Stock 112,000 $0.7263 Direct F2, F8
transaction ISO Stock Option Disposed to Issuer -24,000 -100% 0 21 Mar 2023 Common Stock 24,000 $0.7263 Direct F2, F9
transaction ISO Stock Option Disposed to Issuer -48,000 -100% 0 21 Mar 2023 Common Stock 48,000 $0.7263 Direct F2, F10
transaction ISO Stock Option Disposed to Issuer -52,000 -100% 0 21 Mar 2023 Common Stock 52,000 $0.7263 Direct F2, F11
transaction ISO Stock Option Disposed to Issuer -40,000 -100% 0 21 Mar 2023 Common Stock 40,000 $0.7263 Direct F2, F12
transaction ISO Stock Option Disposed to Issuer -96,000 -100% 0 21 Mar 2023 Common Stock 96,000 $0.9625 Direct F2, F13
transaction ISO Stock Option Disposed to Issuer -680,000 -100% 0 21 Mar 2023 Common Stock 680,000 $1.03 Direct F2, F14
transaction ISO Stock Option Disposed to Issuer -744,000 -100% 0 21 Mar 2023 Common Stock 744,000 $4.81 Direct F2, F15
transaction ISO Stock Option Disposed to Issuer -296,100 -100% 0 21 Mar 2023 Common Stock 296,100 $3.43 Direct F2, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sean Mackay is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 21, 2023, pursuant to the Agreement and Plan of Merger, dated as of December 21, 2022 (the Merger Agreement), by and among IsoPlexis Corporation, a Delaware corporation (IsoPlexis), Berkeley Lights, Inc., a Delaware corporation (Berkeley Lights), and Iceland Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Berkeley Lights, each share of common stock, par value $0.001, of IsoPlexis (IsoPlexis Common Stock) reported in this Form 4 was converted into the right to receive 0.6120 fully paid and nonassessable shares of common stock, par value $0.00005, of Berkeley Lights (Berkeley Lights Common Stock), together with cash in lieu of fractional shares of Berkeley Lights Common Stock, if any, and any unpaid dividends or other distributions.
F2 On March 21, 2023, pursuant to the Merger Agreement, each IsoPlexis stock option (whether vested or unvested) reported in this Form 4 (a) if the per-share exercise price was equal to or greater than the average closing trading price for a share of IsoPlexis Common Stock rounded to the nearest one-tenth of a cent, as reported on The Nasdaq Stock Market LLC for the five most recent trading days ending on and including the third business day prior to March 20, 2023 (the Company Trading Price), was canceled for no consideration and (b) if the per-share exercise price was less than the Company Trading Price, was converted into a Berkeley Lights stock option of approximately equivalent value and generally on the same terms and conditions.
F3 Vested 25% on August 31, 2019 and thereafter in 36 equal monthly installments.
F4 Vested 25% on May 25, 2017 and thereafter in 36 equal monthly installments.
F5 Vested 25% on October 20, 2017 and thereafter in 36 equal monthly installments.
F6 Vested 25% on December 26, 2019 upon achievement of performance target and thereafter in 36 equal monthly installments.
F7 Vests 25% one year after achievement of sale target and thereafter in 36 equal monthly installments.
F8 Vested 25% on October 5, 2018 and thereafter in 36 equal monthly installments.
F9 Vested 25% on January 16, 2019 and thereafter in 36 equal monthly installments.
F10 Vested 25% on August 1, 2018 and thereafter in 36 equal monthly installments.
F11 Vested 25% on June 29, 2019 and thereafter in 36 equal monthly installments.
F12 Vested 25% on September 27, 2019 and thereafter in 36 equal monthly installments.
F13 Vested 25% on December 5, 2019 and thereafter in 36 equal monthly installments.
F14 Vested in full as of December 15, 2020.
F15 Vested 25% on June 8, 2020 and thereafter in 36 equal monthly installments.
F16 Vests 25% on March 31, 2023 and thereafter in 36 equal monthly installments.