Vaughn Himes - Jun 3, 2021 Form 4 Insider Report for Seagen Inc. (SGEN)

Signature
By: /s/ Elizabeth Bekiroglu For: Vaughn B. Himes
Stock symbol
SGEN
Transactions as of
Jun 3, 2021
Transactions value $
-$1,384,714
Form type
4
Date filed
6/4/2021, 08:21 PM
Next filing
Jun 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Gift $0 -57K -43.88% $0.00 72.9K May 27, 2021 Direct F1
transaction SGEN Common Stock Gift $0 -9.94K -13.64% $0.00 63K May 27, 2021 Direct F2
transaction SGEN Common Stock Gift $0 -9.94K -15.79% $0.00 53K May 27, 2021 Direct
transaction SGEN Common Stock Options Exercise $165K +10.7K +20.18% $15.46* 63.7K Jun 3, 2021 Direct F3
transaction SGEN Common Stock Sale -$285K -2K -3.14% $142.42 61.7K Jun 3, 2021 Direct F3, F4, F5
transaction SGEN Common Stock Sale -$332K -2.32K -3.76% $143.35 59.4K Jun 3, 2021 Direct F3, F4, F6
transaction SGEN Common Stock Sale -$186K -1.29K -2.17% $144.61 58.1K Jun 3, 2021 Direct F3, F4, F7
transaction SGEN Common Stock Sale -$409K -2.8K -4.82% $145.98 55.3K Jun 3, 2021 Direct F3, F4, F8
transaction SGEN Common Stock Sale -$132K -900 -1.63% $147.05 54.4K Jun 3, 2021 Direct F3, F4, F9
transaction SGEN Common Stock Sale -$206K -1.39K -2.56% $147.82 53K Jun 3, 2021 Direct F3, F4, F10
transaction SGEN Common Stock Gift $0 +57K +106.2% $0.00 111K May 27, 2021 by Trust F1
transaction SGEN Common Stock Gift $0 +9.94K +8.98% $0.00 121K May 27, 2021 by Trust F2

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 SGEN Non-Qualified Stock Option (right to buy) Options Exercise $0 -10.7K -100% $0.00* 0 Jun 3, 2021 Common Stock 10.7K $15.46 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 27, 2021, the reporting person transferred 56,995 shares of common stock to an irrevocable trust of which the reporting person is the trustee. The reporting person and members of the reporting person's family are the beneficiaries of the trust.
F2 On May 27, 2021, the reporting person transferred 9,941 shares of common stock to an irrevocable trust of which the reporting person's spouse is the trustee. Members of the reporting person's family are the sole beneficiaries of the trust.
F3 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F5 Reflects sales of common stock executed in multiple transactions at prices ranging from $142.07 to $142.96 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F6 Reflects sales of common stock executed in multiple transactions at prices ranging from $143.18 to $143.83 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F7 Reflects sales of common stock executed in multiple transactions at prices ranging from $144.38 to $144.72 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F8 Reflects sales of common stock executed in multiple transactions at prices ranging from $145.69 to $146.64 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F9 Reflects sales of common stock executed in multiple transactions at prices ranging from $146.74 to $147.43 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F10 Reflects sales of common stock executed in multiple transactions at prices ranging from $147.76 to $147.82 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
F11 Options vested at a rate of 25% on 8/24/12 and monthly thereafter until all the options were fully vested on 8/24/15.