Michael W. Kalb - Aug 12, 2021 Form 4 Insider Report for AMARIN CORP PLC\UK (AMRN)

Role
SVP and CFO
Signature
/s/ Michael W. Kalb
Stock symbol
AMRN
Transactions as of
Aug 12, 2021
Transactions value $
-$348,440
Form type
4
Date filed
8/13/2021, 08:04 PM
Previous filing
Aug 4, 2021
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMRN Ordinary Shares Options Exercise $208K +95K +46.34% $2.19 300K Aug 12, 2021 Direct F1, F2, F3
transaction AMRN Ordinary Shares Options Exercise $73.8K +25K +8.33% $2.95 325K Aug 12, 2021 Direct F1, F2, F4
transaction AMRN Ordinary Shares Sale -$630K -120K -36.92% $5.25 205K Aug 12, 2021 Direct F1, F2, F5, F6

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 AMRN Stock Option (Right to Buy) Options Exercise $0 -95K -63.33% $0.00 55K Aug 12, 2021 Ordinary Shares 95K $2.19 Direct F2, F3
transaction AMRN Stock Option (Right to Buy) Options Exercise $0 -25K -39.06% $0.00 39K Aug 12, 2021 Ordinary Shares 25K $2.95 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2 The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
F3 On July 1, 2016, the Reporting Person was granted an option to purchase 625,000 Ordinary Shares under the Amarin Corporation plc 2011 Stock Incentive Plan (the "Plan"). The shares subject to this option vested and became exercisable as follows: 25% of the total number of underlying shares vested on July 1, 2017, and the remaining 75% of the underlying shares vested ratably over the subsequent 36 months. This option was fully vested as of the date hereof.
F4 On February 1, 2017, the Reporting Person was granted an option to purchase 133,000 Ordinary Shares under the Plan. The shares subject to this option vested and became exercisable in 48 equal monthly installments on the last day of each month starting on February 28, 2017. This option was fully vested as of the date hereof.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.25 to $5.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F6 Please see the section titled "Remarks" below for additional information.

Remarks:

As of the date of this Form 4, the Reporting Person owns or holds the right to acquire an aggregate of 1,291,417 Ordinary Shares of the Issuer in the form of Ordinary Shares, stock options and RSUs outstanding under the Issuer's stock incentive plans, including but not limited to certain performance-based RSUs that are earned only if certain pre-defined operational milestones are achieved and, in certain cases, then vest only if the recipient remains with the company for an extended period of time.