Cato T. Laurencin - 08 Jun 2023 Form 4 Insider Report for Alkermes plc. (ALKS)

Role
Director
Signature
/s/ Shantale Greenson, attorney-in-fact for Cato T. Laurencin
Issuer symbol
ALKS
Transactions as of
08 Jun 2023
Net transactions value
-$23,425
Form type
4
Filing time
08 Jun 2023, 16:31:14 UTC
Previous filing
07 Jun 2023
Next filing
15 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALKS Ordinary Shares Options Exercise $60,595 +2,638 +35% $22.97 10,117 08 Jun 2023 Direct F1
transaction ALKS Ordinary Shares Sale $84,020 -2,638 -26% $31.85 7,479 08 Jun 2023 Direct F1

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 ALKS Non Qualified Stock Option (Right to Buy) Options Exercise $0 -2,638 -11% $0.000000 21,101 08 Jun 2023 Ordinary Shares 2,638 $22.97 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/26/2023.
F2 Shares subject to the stock option award vest in three equal annual installments commencing on 12/8/2022.