Robin Kramer - Feb 18, 2022 Form 4 Insider Report for BIOGEN INC. (BIIB)

Signature
/s/ Wendell Taylor, attorney-in-fact for Robin Kramer
Stock symbol
BIIB
Transactions as of
Feb 18, 2022
Transactions value $
-$24,545
Form type
4
Date filed
2/23/2022, 03:18 PM
Previous filing
Feb 15, 2022
Next filing
Apr 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIIB Common Stock Options Exercise $0 +396 +27.15% $0.00 1.85K Feb 18, 2022 Direct
transaction BIIB Common Stock Tax liability -$24.5K -117 -6.31% $209.79 1.74K Feb 18, 2022 Direct

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 BIIB Restricted Stock Unit Options Exercise $0 -396 -13.66% $0.00 2.5K Feb 18, 2022 Common Stock 396 $0.00 Direct F1
transaction BIIB Restricted Stock Unit Other $0 -570 -22.76% $0.00 1.93K Feb 18, 2022 Common Stock 570 $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of RSUs reported represents the maximum possible number of shares that are eligible for vesting, which is 200% of the number of shares at target payout. One-third of these RSUs are eligible to vest on each of the first three anniversaries of the grant date. The actual number of shares that will vest on each vesting date will be determined by comparing the price of Biogen common stock on such vesting date to the price on the grant date (i.e., number of vested shares = number of shares at target payout times [the 30-day average closing stock price ending on the vesting date divided by the 30-day average closing stock price on the grant date]).
F2 This represents the difference between the maximum possible number of shares that were eligible for vesting and the actual number that vested.