Director William W. Ericson granted 223,492 PACB options at $1.58 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. director William W. Ericson received a grant of stock options covering 223,492 shares of common stock. The options have an exercise price of $1.58 per share and expire on June 3, 2036. According to the grant terms, these options vest monthly over one year, or earlier on the date of the next annual stockholder meeting, provided he continues to serve as a director through each vesting date. After this award, the filing shows 223,492 option shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ericson William W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 223,492 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 223,492 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option shares granted: 223,492 options
Exercise price: $1.58 per share
Underlying shares: 223,492 shares
+3 more
6 metrics
Option shares granted
223,492 options
Stock Option (right to buy) grant to director
Exercise price
$1.58 per share
Exercise price for underlying common stock
Underlying shares
223,492 shares
Common stock underlying the options
Expiration date
June 3, 2036
Option expiration
Shares following transaction
223,492 options
Total derivative holdings from this grant after transaction
Vesting period
Monthly over 1 year
Subject to continued board service or earlier annual meeting
Key Terms
Stock Option (right to buy), exercise price, vesting, underlying security
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 1.5800"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The shares subject to the option will vest monthly over one (1) year"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
underlying security financial
"underlying_security_title: Common Stock"
FAQ
What did William W. Ericson report in this PACB Form 4 filing?
William W. Ericson reported receiving a stock option grant from Pacific Biosciences. The award covers 223,492 shares of common stock, giving him the right to buy those shares at a fixed exercise price if the options vest and he chooses to exercise them.
How many PACB stock options were granted to director William W. Ericson and at what price?
He was granted options on 223,492 shares of Pacific Biosciences common stock at an exercise price of $1.58 per share. This price is what he would pay for each share if he exercises the options after they vest under the grant’s terms.
What is the vesting schedule for William W. Ericson’s PACB stock option grant?
The options vest in monthly installments over one year, on the same day of each month as the grant date. Vesting may instead complete earlier on the next annual stockholder meeting date, if he continues serving as a director through the relevant vesting dates.
When do William W. Ericson’s PACB stock options expire?
The options expire on June 3, 2036, if not exercised earlier. After that expiration date, he would no longer be able to purchase Pacific Biosciences shares under this specific option grant, even if the options had fully vested before then.
Is William W. Ericson’s PACB Form 4 transaction an open-market stock purchase?
No, this Form 4 reports a stock option grant, not an open-market purchase. The company awarded him options as compensation, giving the right to buy shares at $1.58 if they vest, rather than recording him buying shares on the market.