Sara Kenkare-Mitra - 03 Jan 2022 Form 4 Insider Report for Alector, Inc. (ALEC)

Role
President and Head of R&D
Signature
/s/ David Oh, by power of attorney
Issuer symbol
ALEC
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
05 Jan 2022, 16:08:24 UTC
Previous filing
16 Dec 2021
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALEC Common Stock Award $0 +59,000 $0.000000 59,000 03 Jan 2022 Direct F1
transaction ALEC Common Stock Award $0 +59,000 +100% $0.000000 118,000 03 Jan 2022 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 ALEC Employee Stock Option (right to buy) Award $0 +300,000 $0.000000 300,000 03 Jan 2022 Common Stock 300,000 $20.78 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares consist of restricted stock units, or RSUs, which vest as follows: one-third of the RSUs vest on March 1, 2023 and one-twelfth of the RSUs vest quarterly thereafter.
F2 Shares consist of performance share units, or PSUs, which vest as follows: twenty-five percent of the award will be earned if, within four years of January 3, 2022, the Issuer's average closing stock price is $30 per share for 40 consecutive trading days and the remaining seventy-five percent will be earned if the average closing stock price is $40 per share for 40 consecutive trading days. Upon attainment of the performance metrics, the shares vest in four equal quarterly installments beginning on the first vesting date as set forth in the PSU award agreement.
F3 Twenty-five percent of the shares subject to the option shall vest on December 15, 2022 and one forty-eighth of the shares vest monthly thereafter.