John Poyhonen - Oct 13, 2021 Form 4 Insider Report for HERON THERAPEUTICS, INC. /DE/ (HRTX)

Role
President & CCO
Signature
/s/ Lisa Peraza Attorney-in-fact for John Poyhonen
Stock symbol
HRTX
Transactions as of
Oct 13, 2021
Transactions value $
-$4,568
Form type
4
Date filed
10/15/2021, 04:24 PM
Previous filing
Jul 15, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRTX Common Stock Options Exercise +1.25K +5.63% 23.5K Oct 13, 2021 Direct F1
transaction HRTX Common Stock Tax liability -$4.57K -433 -1.85% $10.55 23K Oct 13, 2021 Direct 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 HRTX Restricted Stock Units Options Exercise $0 -1.25K -7.69% $0.00 15K Oct 13, 2021 Common Stock 1.25K Direct F1, F3
transaction HRTX Employee Stock Option (Right to Buy) Award $0 +92.2K $0.00 92.2K Oct 13, 2021 Common Stock 92.2K $10.55 Direct F4
transaction HRTX Restricted Stock Units Award $0 +55.3K $0.00 55.3K Oct 13, 2021 Common Stock 55.3K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents the withholding by the Company of certain of the vested shares of restricted stock to satisfy the minimum statutory tax obligations applicable to such transactions.
F3 The restricted stock units vest in 16 equal quarterly installments beginning one quarter after the date of grant (10/13/2020).
F4 The stock option vests and becomes exercisable monthly with 33% of the shares vesting during the first year, 33% of the shares vesting during the second year, 22% of the shares vesting during the third year and the remaining 12% of the shares vesting during the fourth year, such that the stock option will be fully vested on the four year anniversary of the date of grant.
F5 The restricted stock units vest quarterly with 33% of the shares vesting during the first year, 33% of the shares vesting during the second year, 22% of the shares vesting during the third year and the remaining 12% of the shares vesting during the fourth year, such that all shares will be fully vested on the four year anniversary of the date of grant.