Stephen J. Hoffman - Dec 28, 2021 Form 4 Insider Report for Dicerna Pharmaceuticals Inc (DRNA)

Role
Director
Signature
/s/ Douglas W. Pagan, attorney-in-fact
Stock symbol
DRNA
Transactions as of
Dec 28, 2021
Transactions value $
-$618,005
Form type
4
Date filed
12/29/2021, 03:20 PM
Previous filing
Jun 17, 2021
Next filing
Jul 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRNA Common Stock Disposition pursuant to a tender of shares in a change of control transaction -$618K -16.2K -100% $38.25 0 Dec 28, 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 DRNA Restricted Stock Units Disposed to Issuer -3.33K -100% 0 Dec 28, 2021 Common Stock 3.33K Direct F3, F4
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15K -100% 0 Dec 28, 2021 Common Stock 15K $3.26 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25K -100% 0 Dec 28, 2021 Common Stock 25K $3.42 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25K -100% 0 Dec 28, 2021 Common Stock 25K $13.08 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15K -100% 0 Dec 28, 2021 Common Stock 15K $13.87 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25K -100% 0 Dec 28, 2021 Common Stock 25K $15.44 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25K -100% 0 Dec 28, 2021 Common Stock 25K $16.30 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15K -100% 0 Dec 28, 2021 Common Stock 15K $18.73 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15K -100% 0 Dec 28, 2021 Common Stock 15K $21.61 Direct F5
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15K -100% 0 Dec 28, 2021 Common Stock 15K $30.47 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen J. Hoffman 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 November 17, 2021, by and among the Issuer, Novo Nordisk A/S, a Danish aktieselskab ("Novo"), and NNUS New Research, Inc., a Delaware corporation and a wholly owned indirect subsidiary of Novo ("Purchaser"), to which Purchaser completed a tender offer for shares of common stock of Issuer, $0.0001 par value per share (each, a "Share") and thereafter merged with and into the Issuer (the "Merger") effective as of December 28, 2021 (the "Effective Time"). At the Effective Time, each issued and outstanding Share was converted into the right to receive $38.25 per Share, in cash, without interest (the "Offer Price") and subject to any withholding of taxes, upon the terms and subject to the conditions of the Merger Agreement. From and after the Effective Time, all Shares were no longer outstanding and were automatically cancelled.
F2 Prior to the Effective Time, the Reporting Person beneficially owned 16,157 Shares, which reflects the correction of a clerical error of 90 shares previously over-reported and shares transferred to the Reporting Person's ex-spouse pursuant to a divorce decree.
F3 Each restricted stock unit ("RSU") represents the contingent right to receive one Share.
F4 At the Effective Time, each Issuer RSU that was then outstanding was cancelled and converted into the right to receive a cash payment equal to (A) the Offer Price multiplied by (B) the total number of Shares subject to such Issuer RSU immediately prior to the Effective Time (without regard to vesting).
F5 Pursuant to the terms of the Merger Agreement, at the Effective Time, each option to purchase Shares granted under an Issuer equity plan (each, an "Issuer Stock Option") that was outstanding and unexercised was cancelled and converted into the right to receive a cash payment equal to (A) the excess, if any, of (x) the Offer Price over (y) the exercise price payable per Share with respect to such Issuer Stock Option, multiplied by (B) the total number of Shares subject to such Issuer Stock Option immediately prior to the Effective Time (without regard to vesting).