Stephen T. Wills - Aug 13, 2021 Form 4 Insider Report for PALATIN TECHNOLOGIES INC (PTN)

Signature
/s/ Stephen T. Wills, by Stephen A. Slusher, Attorney-In-Fact
Stock symbol
PTN
Transactions as of
Aug 13, 2021
Transactions value $
-$52,770
Form type
4
Date filed
8/13/2021, 05:04 PM
Previous filing
Jul 2, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTN Common stock Tax liability -$21.4K -38.2K -0.49% $0.56 7.7M Aug 13, 2021 Direct F1
transaction PTN Common stock Tax liability -$16.7K -29.8K -0.39% $0.56 7.67M Aug 13, 2021 Direct F2
transaction PTN Common stock Tax liability -$7.75K -13.8K -0.18% $0.56 7.65M Aug 13, 2021 Direct F3
transaction PTN Common stock Tax liability -$6.96K -12.4K -0.16% $0.56 7.64M Aug 13, 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 13, 2021 (for the August 15, 2021 payroll), with the per share value determined as of June 16, 2021, the date of vesting. The grant of the underlying time-based restricted share units, which vest at the rate of 25% per year starting June 16, 2021, was reported on Form 4 filed on June 18, 2020 as to one half of the total grant, and on Form 4 filed on June 26, 2020 as to the remaining one half, which had been granted contingent on increasing the shares reserved for grant under the 2011 Stock Incentive Plan, which was approved the stockholders at a meeting on June 25, 2020.
F2 Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 13, 2021 (for the August 15, 2021 payroll), with the per share value determined as of June 16, 2021, the date of vesting. The grant and vesting of the underlying 108,615 restricted share units was reported on Form 4 filed on June 24, 2021, with a transaction date of June 22, 2021.
F3 Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 13, 2021 (for the August 15, 2021 payroll), with the per share value determined as of June 24, 2021, the date of vesting. The grant of the underlying 50,500 time-based restricted share units which vested on June 24, 202, was reported on Form 4 filed on June 26, 2019.
F4 Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended August 13, 2021 (for the August 15, 2021 payroll), with the per share value determined as of June 24, 2021, the date of vesting. The grant and vesting of the underlying 45,199 restricted share units was reported on Form 4 filed on June 24, 2021, with a transaction date of June 22, 2021.