David Altarac - Jul 16, 2021 Form 4 Insider Report for Entasis Therapeutics Holdings Inc. (ETTX)

Role
Chief Medical Officer
Signature
Elizabeth M. Keiley as Attorney-in-Fact for David Altarac
Stock symbol
ETTX
Transactions as of
Jul 16, 2021
Transactions value $
$0
Form type
4
Date filed
2/15/2022, 03:01 PM
Next filing
Oct 20, 2021

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 ETTX Employee Stock Option (Right to Buy) Disposed to Issuer -120K -100% 0 Jul 16, 2021 Common Stock 120K $5.70 Direct F1, F2
transaction ETTX Employee Stock Option (Right to Buy) Award +92.3 +0.1% 92.3K Jul 16, 2021 Common Stock 92.3K $2.44 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 provided for vesting as follows: Twenty-five percent (25%) of the option award will vest on November 4, 2020, and one thirty-sixth (1/36th) of the remaining shares subject to the option will vest each month thereafter, subject to the Reporting Person continuing to provide service through each such date.
F2 On July 16, 2021, the issuer canceled, pursuant to the issuer's option exchange program, an option for 120,000 shares of issuer's common stock granted to the Reporting Person on November 4, 2019. In exchange, the Reporting Person received a replacement option for 92,307 shares of issuer's common stock, having an exercise price of $2.44 per share.
F3 Sixty-seven percent (67%) of this award will vest on July 16, 2022, and one-sixteenth of the remaining shares subject to the option will vest monthly following July 16, 2022, subject to the Reporting Person's continuing to provide service through each such date.