William Ludlam - Aug 5, 2021 Form 4 Insider Report for CHIASMA, INC (CHMA)

Role
Officer
Signature
/s/ Lee G. Giguere, Attorney-in-Fact
Stock symbol
CHMA
Transactions as of
Aug 5, 2021
Transactions value $
$0
Form type
4
Date filed
8/5/2021, 06:05 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHMA Common Stock Disposed to Issuer -11.8K -100% 0 Aug 5, 2021 Direct F1, 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 CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -14.1K -100% $0.00* 0 Aug 5, 2021 Common Stock 14.1K $28.40 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -45.9K -100% $0.00* 0 Aug 5, 2021 Common Stock 45.9K $28.40 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -969 -100% $0.00* 0 Aug 5, 2021 Common Stock 969 $9.93 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -14.5K -100% $0.00* 0 Aug 5, 2021 Common Stock 14.5K $9.93 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -25K -100% $0.00* 0 Aug 5, 2021 Common Stock 25K $2.60 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -75K -100% $0.00* 0 Aug 5, 2021 Common Stock 75K $2.60 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -18.2K -100% $0.00* 0 Aug 5, 2021 Common Stock 18.2K $1.52 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -52K -100% $0.00* 0 Aug 5, 2021 Common Stock 52K $1.52 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -70K -100% $0.00* 0 Aug 5, 2021 Common Stock 72K $3.75 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -65K -100% $0.00* 0 Aug 5, 2021 Common Stock 65K $4.57 Direct F1, F3
transaction CHMA Stock Option (Right to Buy) Disposed to Issuer $0 -120K -100% $0.00* 0 Aug 5, 2021 Common Stock 120K $4.55 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Ludlam is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement") dated as of May 4, 2021, by and among Chiasma, Inc. (the "Company), Amryt Pharma plc ("Parent"), and Acorn Merger Sub, Inc., an indirect wholly-owned subsidiary of Parent ("Merger Sub") pursuant to which Merger Sub merged with and into the Company (the "Merger") with the Company surviving as an indirect wholly owned subsidiary of Parent effective as of August [5], 2021 (the "Effective Time").
F2 At the Effective Time, each share of common stock of the Company (each, a "Share") (excluding any Shares held in the treasury of the Company or owned, directly or indirectly, by Parent or Merger Sub immediately prior to the Effective Time) was cancelled and converted into the right to receive 0.396 (the "Exchange Ratio") American Depositary Shares of Parent ("Parent ADS") representing five ordinary shares of Parent.
F3 At the Effective Time, each option to purchase Shares (each, a "Company Option") that was outstanding and unexercised, immediately prior to the Effective Time, whether or not vested shall, by virtue of the Merger Agreement, ceased to represent a right to acquire Shares, was assumed by Parent and automatically converted into the option to purchase Parent ADSs (each an "Assumed Stock Option") shall be equal to (i) the number of Shares subject to each Company Option immediately prior to the Effective Time multiplied by (ii) the Exchange Ratio, rounded down, if necessary, to the nearest whole number of Parent ADSs, and such Assumed Stock Option shall have an exercise price per Parent ADS (rounded up to the nearest cent) equal to (a) the exercise price per Share otherwise purchasable pursuant to such Company Option divided by (b) the Exchange Ratio.