Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ISO | Common Stock | Disposed to Issuer | -14.6K | -100% | 0 | Mar 21, 2023 | Direct | F1 |
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 | -40K | -100% | 0 | Mar 21, 2023 | Common Stock | 40K | $4.81 | Direct | F2, F3 | ||
transaction | ISO | Stock Option | Disposed to Issuer | -31.6K | -100% | 0 | Mar 21, 2023 | Common Stock | 31.6K | $3.43 | Direct | F2, F4 |
Rajesh T. Khakhar is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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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 (IsoPlexis), Berkeley Lights, Inc. (Berkeley Lights), and Iceland Merger Sub Inc. and a wholly owned subsidiary of Berkeley Lights (a) 4,557 of the shares of common stock of IsoPlexis (IsoPlexis Common Stock) reported in this Form 4 were converted into the right to receive 0.6120 fully paid and nonassessable shares of common stock 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, and (b) 10,026 of the shares of IsoPlexis Common Stock reported in this Form 4, which constituted restricted shares of IsoPlexis Common Stock, were converted into restricted shares of Berkeley Lights Common Stock generally on the same terms and conditions. |
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 June 8, 2022 and thereafter in 36 equal monthly installments. |
F4 | Vests 25% on March 31, 2023 and thereafter in 36 equal monthly installments. |