Marks Jason M. - Sep 1, 2021 Form 4 Insider Report for AMARIN CORP PLC\UK (AMRN)

Role
Sr. VP and Chief Legal Officer
Signature
/s/ Jason M. Marks
Stock symbol
AMRN
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 08:08 PM
Previous filing
Aug 25, 2021
Next filing
Feb 8, 2022

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 +100K $0.00 100K Sep 1, 2021 Ordinary Shares 100K $5.43 Direct F1, F2
transaction AMRN Restricted Stock Units Award $0 +100K $0.00 100K Sep 1, 2021 Ordinary Shares 100K $0.00 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.