Statement of Changes in Beneficial Ownership (4)
February 25 2014 - 11:36AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
FEDERICI WILLIAM J
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2. Issuer Name
and
Ticker or Trading Symbol
NUPATHE INC.
[
PATH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
C/O NUPATHE INC.,, 7 GREAT VALLEY PARKWAY, SUITE 300
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3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2014
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(Street)
MALVERN, PA 19355
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
(1)
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2/21/2014
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D
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13500
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D
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$6.80
(2)
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock option (right to buy)
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$9.00
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2/21/2014
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D
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7486
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(3)
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1/5/2021
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Common Stock
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7486
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$0.00
(4)
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0
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D
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Stock option (right to buy)
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$7.75
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2/21/2014
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D
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6014
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(3)
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3/3/2021
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Common Stock
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6014
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$0.00
(4)
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0
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D
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Stock option (right to buy)
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$7.66
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2/21/2014
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D
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6750
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(3)
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6/8/2021
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Common Stock
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6750
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$0.00
(4)
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0
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D
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Stock option (right to buy)
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$3.70
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2/21/2014
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D
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2802
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(3)
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3/31/2022
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Common Stock
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2802
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$3.10
(4)
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0
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D
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Stock option (right to buy)
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$3.37
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2/21/2014
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D
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6750
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(3)
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6/7/2022
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Common Stock
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6750
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$3.43
(4)
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0
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D
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Stock option (right to buy)
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$4.03
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2/21/2014
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D
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2436
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(3)
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6/30/2022
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Common Stock
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2436
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$2.77
(4)
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0
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D
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Stock option (right to buy)
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$3.56
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2/21/2014
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D
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2791
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(3)
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9/30/2022
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Common Stock
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2791
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$3.24
(4)
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0
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D
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Stock option (right to buy)
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$3.38
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2/21/2014
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D
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2916
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(3)
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12/31/2022
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Common Stock
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2916
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$3.42
(4)
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0
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D
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Stock option (right to buy)
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$3.45
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2/21/2014
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D
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2157
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(3)
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3/31/2023
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Common Stock
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2157
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$3.35
(4)
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0
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D
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Stock option (right to buy)
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$2.99
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2/21/2014
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D
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13500
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(3)
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6/5/2023
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Common Stock
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13500
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$3.81
(4)
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0
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D
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Stock option (right to buy)
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$3.06
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2/21/2014
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D
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3063
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(3)
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6/30/2023
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Common Stock
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3063
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$3.74
(4)
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0
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D
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Stock option (right to buy)
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$2.41
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2/21/2014
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D
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4795
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(3)
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9/30/2023
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Common Stock
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4795
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$4.39
(4)
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0
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D
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Stock option (right to buy)
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$3.27
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2/21/2014
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D
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3538
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(3)
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12/31/2023
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Common Stock
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3538
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$3.53
(4)
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0
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D
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Explanation of Responses:
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(
1)
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Includes all restricted stock units that became fully vested upon the consummation of the merger (the "Merger") contemplated by the Agreement and Plan of Merger, dated January 17, 2014, among the issuer, Teva Pharmaceutical Industries Ltd. and Train Merger Sub, Inc.(the "Merger Agreement").
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(
2)
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Disposed upon the Merger, in exchange for $3.65 per share, plus contractual rights to receive up to an additional $3.15 in contingent cash consideration payments per share.
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(
3)
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Pursuant to the Merger Agreement, all options became fully vested upon the consummation of the Merger.
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(
4)
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Pursuant to the Merger Agremeent, the option was converted into the right to receive, at the earliest date at which the sum of (1) the $3.65 per share cash portion of the merger consideration and (2) the amount per share in cash previously paid or to be paid at such date in connection with the Contingent Cash Consideration Agreement entered into in connection with the Merger Agreement (such sum, the "Per Share Paid Value") exceeds the per-share exercise price under the option: (x) an amount in cash equal to the number of shares of common stock subject to the option multiplied by the excess of (i) the then applicable Per Share Paid Value over (ii) the per-share exercise price under the option; and (y) the right to receive, in respect of each share of common stock subject to the option, each contingent cash consideration payment that, as of such date, has not yet become payable.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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FEDERICI WILLIAM J
C/O NUPATHE INC.,
7 GREAT VALLEY PARKWAY, SUITE 300
MALVERN, PA 19355
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X
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Signatures
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/s/ Michael F. Marino, attorney-in-fact
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2/25/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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