Jack Y. Zhang - Mar 16, 2023 Form 4 Insider Report for Amphastar Pharmaceuticals, Inc. (AMPH)

Signature
/s/ Eva Wen, by power of attorney for Jack Y. Zhang
Stock symbol
AMPH
Transactions as of
Mar 16, 2023
Transactions value $
-$2,153,124
Form type
4
Date filed
3/20/2023, 08:02 PM
Previous filing
Mar 17, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMPH Common Stock Gift $0 -57.4K -100% $0.00* 0 Mar 16, 2023 See footnote F1
transaction AMPH Common Stock Gift $0 -57.4K -100% $0.00* 0 Mar 16, 2023 See footnote F2
transaction AMPH Common Stock Tax liability -$949K -25.2K -1.19% $37.60 2.09M Mar 16, 2023 Direct F3, F4
transaction AMPH Common Stock Tax liability -$376K -10K -0.68% $37.60 1.46M Mar 16, 2023 See footnote F3, F5, F6
transaction AMPH Common Stock Tax liability -$572K -15.8K -0.75% $36.29 2.08M Mar 17, 2023 Direct F3
transaction AMPH Common Stock Tax liability -$256K -7.05K -0.48% $36.29 1.46M Mar 17, 2023 See footnote F3, F6
holding AMPH Common Stock 6.83M Mar 16, 2023 See footnote F7
holding AMPH Common Stock 5K Mar 16, 2023 See footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held of record by The Jack Y. Zhang 2020 GRAT dated February 7, 2020, Jack Y. Zhang trustee (the "Zhang GRAT"). On February 7, 2020, Dr. Zhang contributed 353,797 shares of directly held Issuer common stock to the Zhang GRAT for the benefit of himself and his three adult children (the "Distributees"). Pursuant to the terms of the Zhang GRAT, upon termination of the Zhang GRAT, 57,365 of the shares were distributed to Distributees. The remaining 296,431 shares representing annuity payments under the Zhang GRAT were previously distributed to Dr. Zhang and continue to be reported in this Form 4 as directly owned by Dr. Zhang.
F2 The shares are held of record by The Mary Z. Luo 2020 GRAT dated February 7, 2020, Mary Z. Luo trustee (the "Luo GRAT"). On February 7, 2020, Dr. Luo contributed 353,797 shares of directly held Issuer common stock to the Luo GRAT for the benefit of herself and her three adult children (the "Distributees"). Pursuant to the terms of the Luo GRAT, upon termination of the Luo GRAT, 57,365 of the shares were distributed to Distributees. The remaining 296,431 shares representing annuity payments under the Luo GRAT were previously distributed to Dr. Luo and continue to be reported in this Form 4 as directly owned by Dr. Luo.
F3 The reported shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
F4 Excludes 57,365 shares previously reported as held directly by Dr. Zhang as described in footnote (1) above.
F5 Excludes 57,365 shares previously reported as held directly by Dr. Luo as described in footnote (2) above.
F6 The securities are held of record by Dr. Luo. The reporting persons are husband and wife.
F7 The shares are held of record by Applied Physics & Chemistry Laboratories, Inc., of which the reporting persons and The Bill Luobei Zhang 2004 Irrevocable Trust are the sole owners.
F8 The shares are held of record in an account for the benefit of the reporting persons' son. The reporting persons disclaim beneficial ownership of these shares, and the inclusion of these shares in this report should not be deemed an admission of beneficial ownership of any such shares for purposes of Section 16, or for any other purpose.