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Delaware
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58-2349413
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(State or other jurisdiction of
incorporation or organization) |
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(I.R.S. Employer
Identification Number) |
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1010 Stony Hill Road
Yardley, PA |
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19067 |
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(Address of principal executive office)
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(Zip Code)
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Title of each class
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Name of each exchange on which registered
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Common Stock, $0.001 par value
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The NASDAQ Stock Market LLC
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Large accelerated filer
☐
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Accelerated filer
☐
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Non-accelerated filer
☐
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| | (Do not check if a smaller reporting company) | |
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Smaller reporting company
☑
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Emerging growth company
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PART III
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| | |||||
| | | | | 1 | | | |
| | | | | 5 | | | |
| | | | | 14 | | | |
| | | | | 18 | | | |
| | | | | 20 | | | |
| PART IV | | | |||||
| | | | | 21 | | |
Name
|
| |
Age
|
| |
Position
|
|
David Johnson | | |
60
|
| | President, Chief Executive Officer and Director | |
Joseph Warusz | | |
61
|
| | Chief Financial Officer, Treasurer and Secretary | |
Bradford Barton | | |
57
|
| | Chief Operating Officer | |
Pellegrino Pionati | | |
60
|
| | Chief Strategy and Marketing Officer | |
Joseph Leone | | |
64
|
| | Director | |
Gary Restani | | |
71
|
| | Director | |
Jeffrey Sklar | | |
55
|
| | Director | |
Mark Wagner | | |
61
|
| | Director | |
Name and Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
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Stock
Awards(1) |
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Option
Awards(1) |
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All Other
Compensation |
| |
Total
|
| |||||||||||||||||||||
David Johnson
President and Chief Executive Officer |
| | | | 2017 | | | | | $ | 350,000 | | | | | $ | 276,500(3) | | | | | $ | 274,000 | | | | | $ | — | | | | | $ | 11,400(5) | | | | | $ | 911,900 | | |
| | | 2016 | | | | | $ | 350,000 | | | | | $ | 245,000(4) | | | | | $ | 258,000 | | | | | $ | — | | | | | $ | 11,400(5) | | | | | $ | 864,400 | | | ||
Brian Posner(2)
Chief Financial Officer, Treasurer and Secretary |
| | | | 2017 | | | | | $ | 246,800 | | | | | $ | 118,310(8) | | | | | $ | 103,829 | | | | | $ | — | | | | | $ | 8,400(6) | | | | | $ | 477,339 | | |
| | | 2016 | | | | | $ | 240,000 | | | | | $ | 100,800(4) | | | | | $ | 86,000 | | | | | $ | — | | | | | $ | 8,400(6) | | | | | $ | 435,200 | | | ||
Bradford Barton
Chief Operating Officer |
| | | | 2017 | | | | | $ | 246,800 | | | | | $ | 118,310(3) | | | | | $ | 103,829 | | | | | $ | — | | | | | $ | 8,400(7) | | | | | $ | 477,339 | | |
| | | 2016 | | | | | $ | 240,000 | | | | | $ | 100,800(4) | | | | | $ | 86,000 | | | | | $ | — | | | | | $ | 8,400(7) | | | | | $ | 435,200 | | | ||
Pellegrino Pionati
Chief Strategy and Marketing Officer |
| | | | 2017 | | | | | $ | 246,800 | | | | | $ | 118,310(3) | | | | | $ | 103,829 | | | | | $ | — | | | | | $ | 8,400(6) | | | | | $ | 477,339 | | |
| | | 2016 | | | | | $ | 240,000 | | | | | $ | 100,800(4) | | | | | $ | 86,000 | | | | | $ | — | | | | | $ | 8,400(6) | | | | | $ | 435,200 | | |
| | |
Option Awards
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Stock Awards
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Name
|
| |
Number of
Securities Underlying Unexercised Options Exercisable |
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Number of
Securities Underlying Unexercised Options Unexercisable |
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Option
Exercise Price |
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Option
Expiration Date |
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Number of
Shares or Units of Stock That Have Not Vested |
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Market
Value of Shares or Units of Stock That Have Not Vested |
| ||||||||||||||||||
David Johnson
|
| | | | 5,920 | | | | | | — | | | | | $ | 43.80 | | | | | | 11/29/22 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 5,920 | | | | | | — | | | | | $ | 65.60 | | | | | | 11/29/22 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 5,920 | | | | | | — | | | | | $ | 87.50 | | | | | | 11/29/22 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 27,923 | | | | | | — | | | | | $ | 32.80 | | | | | | 02/04/23 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 11,713 | | | | | | — | | | | | $ | 35.00 | | | | | | 11/14/23 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 73,058 | | | | | | — | | | | | $ | 68.20 | | | | | | 12/20/23 | | | | | | | | | | | | | | |
David Johnson
|
| | | | 7,668 | | | | | | 3,834(1) | | | | | $ | 62.30 | | | | | | 02/06/25 | | | | | | | | | | | | | | |
David Johnson
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,000(2) | | | | | $ | 18,100(3) | | |
David Johnson
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,000(4) | | | | | $ | 54,300(3) | | |
David Johnson
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | 50,000(5) | | | | | $ | 90,500(3) | | |
David Johnson
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 30,000(6) | | | | | $ | 54,300(3) | | |
| | |
Option Awards
|
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Stock Awards
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Name
|
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Number of
Securities Underlying Unexercised Options Exercisable |
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Number of
Securities Underlying Unexercised Options Unexercisable |
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Option
Exercise Price |
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Option
Expiration Date |
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Number of
Shares or Units of Stock That Have Not Vested |
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Market
Value of Shares or Units of Stock That Have Not Vested |
| ||||||||||||||||||
Brian Posner
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| | | | 6,172 | | | | | | — | | | | | $ | 43.80 | | | | | | 09/03/23 | | | | | | | | | | | | | | |
Brian Posner
|
| | | | 6,172 | | | | | | — | | | | | $ | 65.60 | | | | | | 09/03/23 | | | | | | | | | | | | | | |
Brian Posner
|
| | | | 6,172 | | | | | | — | | | | | $ | 87.50 | | | | | | 09/03/23 | | | | | | | | | | | | | | |
Brian Posner
|
| | | | 7,002 | | | | | | — | | | | | $ | 90.00 | | | | | | 03/06/24 | | | | | | | | | | | | | | |
Brian Posner
|
| | | | 7,668 | | | | | | 3,834(1) | | | | | $ | 62.30 | | | | | | 02/06/25 | | | | | | | | | | | | | | |
Brian Posner
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,334(2) | | | | | $ | 6,035(3) | | |
Brian Posner
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,002(4) | | | | | $ | 18,104(3) | | |
Brian Posner
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,000(6) | | | | | $ | 18,100(3) | | |
Bradford Barton
|
| | | | 5,487 | | | | | | — | | | | | $ | 43.80 | | | | | | 05/10/23 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 5,487 | | | | | | — | | | | | $ | 54.70 | | | | | | 05/10/23 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 5,487 | | | | | | — | | | | | $ | 65.60 | | | | | | 05/10/23 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 5,487 | | | | | | — | | | | | $ | 87.50 | | | | | | 05/10/23 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 5,487 | | | | | | — | | | | | $ | 109.40 | | | | | | 05/10/23 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 7,002 | | | | | | — | | | | | $ | 90.00 | | | | | | 03/06/24 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | 7,668 | | | | | | 3,834(1) | | | | | $ | 62.30 | | | | | | 02/06/25 | | | | | | | | | | | | | | |
Bradford Barton
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,334(2) | | | | | $ | 6,035(3) | | |
Bradford Barton
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,002(4) | | | | | $ | 18,104(3) | | |
Bradford Barton
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,000(6) | | | | | $ | 18,100(3) | | |
Pellegrino Pionati
|
| | | | 6,668 | | | | | | 3,334(7) | | | | | $ | 52.50 | | | | | | 06/15/25 | | | | | | | | | | | | | | |
Pellegrino Pionati
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,000(7) | | | | | $ | 5,430(3) | | |
Pellegrino Pionati
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,002(4) | | | | | $ | 18,104(3) | | |
Pellegrino Pionati
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,000(6) | | | | | $ | 18,100(3) | | |
| | |
Year
|
| |
Fees
Earned or Paid in Cash |
| |
Option
Awards(1) |
| |
Total
|
| ||||||||||||
Jerome Zeldis, M.D., Ph.D.(2)
|
| | | | 2017 | | | | | $ | 30,000 | | | | | $ | 22,318(3) | | | | | $ | 52,318 | | |
Winston Kung(4)
|
| | | | 2017 | | | | | $ | —(5) | | | | | $ | —(6) | | | | | $ | — | | |
Joseph Leone
|
| | | | 2017 | | | | | $ | 28,125 | | | | | $ | 22,318(3) | | | | | $ | 50,443 | | |
Gary Restani
|
| | | | 2017 | | | | | $ | 27,189 | | | | | $ | 22,318(3) | | | | | $ | 49,507 | | |
Jeffrey Sklar
|
| | | | 2017 | | | | | $ | 28,750 | | | | | $ | 22,318(3) | | | | | $ | 51,068 | | |
Mark Wagner
|
| | | | 2017 | | | | | $ | 18,750 | | | | | $ | 22,318(3) | | | | | $ | 41,068 | | |
| | |
Number of
securities to be issued upon exercise of outstanding |
| |
Weighted
average exercise price of outstanding options |
| |
Number of
securities remaining available for future issuance |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 561,152 | | | | | $ | 25.93 | | | | | | 123,362 | | |
Equity compensation plans not approved by security holders
|
| | | | 285,852(1) | | | | | $ | 63.05 | | | | | | — | | |
Total
|
| | | | 847,004 | | | | | $ | 38.46 | | | | | | 123,362 | | |
|
Name of Beneficial Owner
|
| |
Number of
Shares Beneficially Owned(1) |
| |
Percentage
Beneficially Owned(1) |
| ||||||
5% Owners | | | | | | | | | | | | | |
Celgene Corporation
86 Morris Avenue Summit, New Jersey 07901 |
| | | | 902,519(2) | | | | | | 17.7% | | |
Perceptive Advisors, LLC
499 Park Avenue, 25th Floor New York, NY 10022 |
| | | | 643,730(3) | | | | | | 12.3% | | |
Officers and Directors | | | | | | | | | | | | | |
David I. Johnson
|
| | | | 282,814(4) | | | | | | 5.5% | | |
Joseph Warusz
|
| | | | — | | | | | | — | | |
Brian M. Posner(12)
|
| | | | 64,656(5) | | | | | | 1.3% | | |
Bradford C. Barton
|
| | | | 82,798(6) | | | | | | 1.6% | | |
Pellegrino Pionati
|
| | | | 40,660(7) | | | | | | * | | |
Joseph M. Leone
|
| | | | 21,194(8) | | | | | | * | | |
Jeffrey Sklar
|
| | | | 18,805(9) | | | | | | * | | |
Gary Restani
|
| | | | 15,700(10) | | | | | | * | | |
Mark Wagner
|
| | | | 54,430(11) | | | | | | 1.1% | | |
Directors and executive officers as a group (9 persons)
|
| | | | 581,057 | | | | | | 11.0% | | |
| | |
Year Ended
December 31, 2017 |
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Year Ended
December 31, 2016 |
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Audit fees
|
| | | $ | 219,081 | | | | | $ | 203,425 | | |
Audit-related fees
|
| | | | 61,896 | | | | | | 29,165 | | |
Tax fees
|
| | | | — | | | | | | — | | |
Total
|
| | | $ | 281,077 | | | | | $ | 232,590 | | |
|
| | | | ALLIQUA BIOMEDICAL, INC. | | |||
| | | | By: | | |
/s/ DAVID JOHNSON
David Johnson
President and Chief Executive Officer |
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Signature
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Title
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Date
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/s/ DAVID JOHNSON
David Johnson
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| | President, Chief Executive Officer and Director (principal executive officer) | | |
April 30, 2018
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/s/ JOSEPH WARUSZ
Joseph Warusz
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| | Chief Financial Officer, Treasurer and Secretary (principal financial and accounting officer) | | |
April 30, 2018
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/s/ JOSEPH LEONE
Joseph Leone
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| | Director | | |
April 30, 2018
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/s/ GARY RESTANI
Gary Restani
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| | Director | | |
April 30, 2018
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/s/ JEFFREY SKLAR
Jeffrey Sklar
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| | Director | | |
April 30, 2018
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/s/ MARK WAGNER
Mark Wagner
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| | Director | | |
April 30, 2018
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Exhibit No.
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Description
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31.1* | | | Certification of Chief Executive Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 | |
31.2* | | | Certification of Chief Financial Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002 | |
32.1∞ | | | Certification of Chief Executive Officer Pursuant to Section 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |
32.2∞ | | | Certification of Chief Financial Officer Pursuant to Section 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |
101∞ | | | The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, formatted in XBRL (eXtensible Business Reporting Language), (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Stockholders’ Equity, (iv) Consolidated Statements of Cash Flows, and (v) Notes to the Consolidated Financial Statements | |