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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 | ||||||||
Non-Qualified Stock Option (right to buy) | $ 4.2 | 12/14/2016 | D | 5,000 | (1) | 04/25/2022 | Common Stock | 5,000 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 5 | 12/14/2016 | D | 5,000 | (3) | 04/15/2023 | Common Stock | 5,000 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 16.1 | 12/14/2016 | D | 12,500 | (4) | 03/07/2024 | Common Stock | 12,500 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 7.6 | 12/14/2016 | D | 12,500 | (5) | 03/03/2025 | Common Stock | 12,500 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 5.76 | 12/14/2016 | D | 500,000 | (6) | 08/21/2025 | Common Stock | 500,000 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 1.29 | 12/14/2016 | A | 265,416 | (7) | 12/14/2026 | Common Stock | 265,416 | (2) | 265,416 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DHILLON AVTAR S C/O ONCOSEC MEDICAL INCORPORATED 5820 NANCY RIDGE DRIVE SAN DIEGO,, CA 92121 |
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/s/ Avtar Dhillon | 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 fully vested on April 25, 2013, the first anniversary of the grant date. |
(2) | On December 14, 2016, OncoSec Medical Incorporated cancelled, pursuant to its Stock Option Exchange Program, options previously granted to and held by the reporting person to purchase 5000 shares (previously granted on April 25, 2012) 5000 shares (previously granted on April 15, 2013), 12500 shares (previously granted on March 7, 2014), 12500 shares (previously granted on March 3, 2015), and 500000 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 265416 shares of common stock with an exercise price of $1.29 per share. |
(3) | These stock options were fully vested on April 15, 2014, the first anniversary of the grant date. |
(4) | These stock options were fully vested on March 7, 2015, the first anniversary of the grant date. |
(5) | These stock options were fully vested on March 3, 2016, the first anniversary of the grant date. |
(6) | These stock options were fully vested on August 21, 2016, the first anniversary of the grant date. |
(7) | The stock options granted on December 14, 2016 will vest on the following schedule: 25% on grant date; 1/12th of the remaining 75% vesting on each of the 12 subsequent monthly anniversaries of the grant date. |