Sean McLennan - 02 Jul 2021 Form 3 Insider Report for Molecular Templates, Inc. (MTEM)

Role
CFO & Treasurer
Signature
/s/ Sean McLennan
Issuer symbol
MTEM
Transactions as of
02 Jul 2021
Transactions value $
$0
Form type
3
Filing time
02 Jul 2021, 07:31:19 UTC
Next filing
17 Feb 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MTEM Stock Option (right to buy) 02 Jul 2021 Common Stock 80,000 $13.03 Direct F1
holding MTEM Stock Option (right to buy) 02 Jul 2021 Common Stock 65,000 $14.05 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the option shall vest on November 12, 2020, and, thereafter, the remaining 75% of the shares subject to the option shall vest pro rata on a monthly basis over the following 36 months.
F2 100% of the shares subject to the option shall vest pro rata on a monthly basis over the 48 months following February 15, 2021.

Remarks:

Exhibit 24.1 - Power of Attorney