William Hartzel - 08 Aug 2023 Form 3 Insider Report for Emergent BioSolutions Inc. (EBS)

Role
SVP, Bioservices
Signature
/s/ Jennifer Lynne Fox, Attorney-in-fact
Issuer symbol
EBS
Transactions as of
08 Aug 2023
Net transactions value
$0
Form type
3
Filing time
15 Aug 2023, 12:36:56 UTC
Next filing
14 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EBS Common Stock 35,917 08 Aug 2023 Direct F1

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
holding EBS Employee Stock Options (Right to Buy) 08 Aug 2023 Common Stock 11,826 $42.28 Direct F2
holding EBS Employee Stock Options (Right to Buy) 08 Aug 2023 Common Stock 3,077 $11.66 Direct F3
holding EBS Employee Stock Options (Right to Buy) 08 Aug 2023 Common Stock 12,308 $8.39 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 2,230 shares of common stock, including 800 shares purchased through the Company's Employee Share Purchase Program, and 25,994 unvested RSUs and 7,693 unvested PSUs granted from the Emergent Stock Incentive Plan. Each RSU and PSU represents a right to receive one share of common stock. The RSUs vest in three equal installments annually on the day prior to the anniversary date of the grant. The PSUs vest upon achievement with respect to both cumulative revenues and adjusted EBITDA as a percentage of total GAAP revenue calculated on a cumulative basis over the three-year period beginning January 1, 2023 and ending December 31, 2025, as certified by the Compensation Committee following the performance period. The amount reported is based on the target performance payout factor, or 100%.
F2 This Employee Stock Option award is 1/3 vested and exercisable and 2/3 unvested as of the filing of this Form 3. The unvested Employee Stock Options vest in annual installments beginning on the day prior to the anniversary date of the grant.
F3 Vests in three equal installments beginning on the day prior to the anniversary date of the grant.

Remarks:

Exhibit list: Ex 24.1 - Power of Attorney