Marks Jason M. - 01 Sep 2021 Form 4 Insider Report for AMARIN CORP PLC\UK (AMRN)

Role
Sr. VP and Chief Legal Officer
Signature
/s/ Jason M. Marks
Issuer symbol
AMRN
Transactions as of
01 Sep 2021
Net transactions value
$0
Form type
4
Filing time
02 Sep 2021, 20:08:21 UTC
Previous filing
25 Aug 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

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) Award $0 +100,000 $0.000000 100,000 01 Sep 2021 Ordinary Shares 100,000 $5.43 Direct F1, F2
transaction AMRN Restricted Stock Units Award $0 +100,000 $0.000000 100,000 01 Sep 2021 Ordinary Shares 100,000 $0.000000 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2021, the Reporting Person was granted an option to purchase 100,000 Ordinary Shares under the Amarin Corporation plc 2020 Stock Incentive Plan (the "2020 Plan"). The shares subject to this option shall vest and become exercisable over four years, with 25% to vest on August 19, 2022 and the balance to vest ratably over the subsequent 12 calendar quarters on the nineteenth (19th) day of each November, February, May and August.
F2 The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion.
F4 On September 1, 2021, the Reporting Person was granted 100,000 RSUs under the 2020 Plan. These RSUs vest in three equal installments on each of August 19, 2022, August 19, 2023 and August 19, 2024.
F5 Not applicable.

Remarks:

In the case of a Change of Control (as defined in the Issuer's stock incentive plan), the grants described in this Form 4 vest in full. As of the date of this Form 4, the Reporting Person holds the right to acquire an aggregate of 300,000 Ordinary Shares of the Issuer in the form of stock options and RSUs outstanding under the Issuer's stock incentive plan, including certain performance-based RSUs that are earned (and reportable on a Form 4) only if certain pre-defined operational milestones are achieved and then vest only if the recipient remains with the company for an extended period of time.