Anthony S. Gibney - Jun 30, 2022 Form 4 Insider Report for IVERIC bio, Inc. (ISEE)

Role
EVP, Chief Business Officer
Signature
/s/ Todd D.C. Anderman, as Attorney-in-Fact for Anthony Gibney
Stock symbol
ISEE
Transactions as of
Jun 30, 2022
Transactions value $
-$73,313
Form type
4
Date filed
7/5/2022, 06:30 PM
Previous filing
Dec 15, 2021
Next filing
Dec 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISEE Common Stock Options Exercise $0 +18.8K $0.00 18.8K Jun 30, 2022 Direct F1
transaction ISEE Common Stock Sale -$73.3K -7.79K -41.55% $9.41* 11K Jul 5, 2022 Direct F2, F3

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 ISEE Restricted Stock Units Options Exercise $0 -18.8K -25% $0.00 56.3K Jun 30, 2022 Common Stock 18.8K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units converted into common stock on a one-for-one basis upon vesting upon the achievement of certain performance criteria, pursuant to the applicable Restricted Stock Unit Agreement.
F2 Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the Reporting Person's minimum statutory withholding obligations with respect to the income recognized by the Reporting Person upon the vesting of the restricted stock units on June 30, 2022.
F3 The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $9.37 to $9.47 on July 5, 2022 on behalf of the Reporting Person to satisfy the payment of withholding tax liability of the Reporting Person. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
F4 Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
F5 Subject to continued employment with the Registrant and the other terms and conditions under the Registrant's 2019 Inducement Stock Incentive Plan, the award of restricted stock units will vest based on the achievement of certain performance milestones.