Todd E. Simpson - Oct 29, 2021 Form 4 Insider Report for Seagen Inc. (SGEN)

Role
Chief Financial Officer
Signature
By: /s/ Jennifer Prosba For: Todd E. Simpson
Stock symbol
SGEN
Transactions as of
Oct 29, 2021
Transactions value $
-$4,664,057
Form type
4
Date filed
11/2/2021, 06:46 PM
Previous filing
Sep 27, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGEN Common Stock Options Exercise $1.38M +33.6K +26.5% $41.04 160K Oct 29, 2021 Direct F1
transaction SGEN Common Stock Sale -$6.04M -33.6K -20.95% $180.00 127K Oct 29, 2021 Direct F1, F2, F3

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 -33.6K -100% $0.00* 0 Oct 29, 2021 Common Stock 33.6K $41.04 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on November 11, 2020.
F3 Reflects sales of common stock executed in multiple transactions at prices ranging from $180.00 to $180.03. 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.
F4 Options shall vest at a rate of 25% on August 19, 2014 and monthly thereafter until all the options are fully vested on August 19, 2017.