Kenneth Traub - 16 Sep 2022 Form 4 Insider Report for ATHERSYS, INC / NEW

Role
Director
Signature
/s/ Barb Cameron, as attorney-in-fact for Kenneth Traub
Issuer symbol
N/A
Transactions as of
16 Sep 2022
Net transactions value
$0
Form type
4
Filing time
20 Sep 2022, 13:44:39 UTC
Previous filing
16 Jun 2022
Next filing
28 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATHX Common Stock Award $0 +12,820 +136% $0.000000 22,223 16 Sep 2022 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 ATHX Stock Option (right to purchase) Award $0 +32,042 $0.000000 32,042 16 Sep 2022 Common Stock 32,042 $1.95 Direct F3
holding ATHX Stock Option (right to purchase) 4,000 16 Sep 2022 Common Stock 4,000 $63.25 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exempt acquisition of 12,820 restricted stock units that in general will vest in total on December 31, 2022, subject generally to the Reporting Person's continued service on the Issuer's Board of Directors.
F2 On August 26, 2022, the Issuer effected a 1-for-25 reverse stock split of its Common Stock (the "Reverse Stock Split"), resulting in a decrease in the Reporting Person's ownership by 225,690 shares.
F3 Represents the exempt acquisition of stock options to purchase 32,042 shares of the Issuer's Common Stock at a per share exercise price of $1.95. These stock options in general will vest on July 28, 2023, subject generally to the Reporting Person's continued service on the Issuer's Board of Directors.
F4 This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 25 (and at an exercise price equal to this reported exercise price divided by 25)).
F5 Award of a nonqualified stock option. The option vests one-third on February 17, 2022 and thereafter ratably on a quarterly basis over a two-year period.