Jason Duncan - Jun 24, 2021 Form 4 Insider Report for ALBIREO PHARMA, INC. (ALBO)

Signature
/s/ Jason Duncan
Stock symbol
ALBO
Transactions as of
Jun 24, 2021
Transactions value $
-$195,621
Form type
4
Date filed
6/28/2021, 04:01 PM
Next filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALBO Common Stock Options Exercise $220K +9.14K +114.5% $24.04 17.1K Jun 24, 2021 Direct
transaction ALBO Common Stock Options Exercise $21.3K +863 +5.04% $24.67 18K Jun 24, 2021 Direct
transaction ALBO Common Stock Sale -$364K -10K -55.62% $36.38 7.98K Jun 24, 2021 Direct F1, F2
transaction ALBO Common Stock Options Exercise $155K +6.3K +78.95% $24.67 14.3K Jun 25, 2021 Direct
transaction ALBO Common Stock Sale -$228K -6.3K -44.12% $36.22 7.98K Jun 25, 2021 Direct F1, F3, F4

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 ALBO Stock Option (right to buy) Options Exercise $0 -9.14K -47.59% $0.00 10.1K Jun 24, 2021 Common Stock 9.14K $24.04 Direct F5
transaction ALBO Stock Option (right to buy) Options Exercise $0 -863 -2.74% $0.00 30.6K Jun 24, 2021 Common Stock 863 $24.67 Direct F6
transaction ALBO Stock Option (right to buy) Options Exercise $0 -6.3K -20.56% $0.00 24.3K Jun 25, 2021 Common Stock 6.3K $24.67 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.01 to $36.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Represents 292 shares of common stock and 7,688 restricted stock units. Includes 131 shares of common stock acquired under the Albireo Pharma, Inc. 2018 Employee Stock Purchase Plan (the "ESPP") on May 31, 2021.
F5 This option vested as to 25% of the shares on January 22, 2020 with the remainder vesting in equal installments every three months thereafter, beginning on April 22, 2020 and ending on January 22, 2023.
F6 This option vested as to 25% of the shares on January 21, 2021, with the remainder vesting in equal installments every three months thereafter beginning on April 21, 2021 and ending on January 21, 2024, provided that the vesting of the option may be accelerated, in whole or in part, based on the achievement of certain pre-established company performance criteria, but in no event prior to January 21, 2021.