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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) (1) | $ 8.8 | 12/14/2016 | D | 10,000 | (2) | 12/16/2024 | Common Stock | 10,000 | (3) | 0 | D | ||||
Employee Stock Option (right to buy) (1) | $ 7.6 | 12/14/2016 | D | 6,250 | (4) | 03/03/2025 | Common Stock | 6,250 | (3) | 0 | D | ||||
Employee Stock Option (right to buy) (1) | $ 5.76 | 12/14/2016 | D | 74,000 | (5) | 08/21/2025 | Common Stock | 74,000 | (3) | 0 | D | ||||
Employee Stock Option (right to buy) (1) | $ 1.29 | 12/14/2016 | A | 45,125 | (6) | 12/14/2026 | Common Stock | 45,125 | (3) | 45,125 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mohan-Peterson Sheela 5820 NANCY RIDGE DRIVE SAN DIEGO, CA 92121 |
CL&CO |
/s/ Sheela Mohan-Peterson | 12/16/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These stock options were granted as Incentive Stock Options only to the extent that the $100,000 dollar limitation of 26 U.S.C. ss.422(d) is not exceeded; anything beyond that is deemed a Non-qualified Stock Option. |
(2) | The stock options were scheduled to fully vest on December 16, 2017, the third anniversary of the grant date. |
(3) | On December 14, 2016, OncoSec Medical Incorporated cancelled, pursuant to its option exchange program, options for 10000 shares (previously granted on December 16, 2014), 6250 shares (previously granted on March 3, 2015) and 74000 shares (previously granted on August 21,2015) of common stock. In exchange, and subject to the terms of the Stock Option Exchange Program, the reporting person received a replacement option for 45125 shares of common stock with an exercise price of $1.29 per share. |
(4) | The stock options were scheduled to fully vest on March 3, 2018, the third anniversary of the grant date. |
(5) | The stock options were scheduled to fully vest on August 21, 2018, the third anniversary of the grant date. |
(6) | The stock options granted on December 14, 2016 will vest on the following schedule: 25% on grant date; 1/36th of the remaining 75% vesting on each of the 36 subsequent monthly anniversaries of the grant date. |