Glenn Sblendorio - Dec 18, 2021 Form 4 Insider Report for IVERIC bio, Inc. (ISEE)

Role
CEO, Director
Signature
/s/ Todd Anderman, as Attorney-in-Fact for Glenn P. Sblendorio
Stock symbol
ISEE
Transactions as of
Dec 18, 2021
Transactions value $
-$286,075
Form type
4
Date filed
12/21/2021, 05:02 PM
Previous filing
Dec 20, 2021
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISEE Common Stock Options Exercise +36.7K +11.42% 358K Dec 18, 2021 Direct F1
transaction ISEE Common Stock Sale -$286K -18.5K -5.18% $15.44 339K Dec 20, 2021 Direct F2, 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 ISEE Restricted Stock Units Options Exercise $0 -36.7K -25% $0.00 110K Dec 18, 2021 Common Stock 36.7K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units converted into common stock on a one-for-one basis upon vesting of the units.
F2 Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the Reporting Person's minimum statutory withholding obligations with respect to the income recognized by the Reporting Person upon the vesting of the restricted stock on December 18, 2021.
F3 The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker on December 20, 2021 on behalf of a group of employees of the Registrant to satisfy the payment of withholding tax liability of such employees.
F4 On December 18, 2020, the Reporting Person was granted an award of 146,630 restricted stock units, which vest with respect to 25% of the shares subject to the award on each of the first, second, third and fourth anniversaries of the grant date, subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2013 Stock Incentive Plan.