Steven L. Hoerter - Jun 11, 2024 Form 4 Insider Report for Deciphera Pharmaceuticals, Inc. (NA)

Role
President and CEO, Director
Signature
/s/ Jeffrey M. Held, Attorney-in-Fact
Stock symbol
NA
Transactions as of
Jun 11, 2024
Transactions value $
$0
Form type
4
Date filed
6/11/2024, 08:31 PM
Previous filing
Feb 20, 2024
Next filing
Jun 14, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NA Common Stock Award +286K +393.16% 359K Jun 11, 2024 Direct F1
transaction NA Common Stock Disposed to Issuer -286K -79.72% 72.8K Jun 11, 2024 Direct F2, F3
transaction NA Common Stock Disposition pursuant to a tender of shares in a change of control transaction -72.8K -100% 0 Jun 11, 2024 Direct F2, F4

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
transaction NA Stock Option (Right to Buy) Disposed to Issuer -396K -100% 0 Jun 11, 2024 Common Stock 396K $25.40 Direct F2, F5
transaction NA Stock Option (Right to Buy) Disposed to Issuer -270K -100% 0 Jun 11, 2024 Common Stock 270K $9.23 Direct F2, F5
transaction NA Stock Option (Right to Buy) Disposed to Issuer -415K -100% 0 Jun 11, 2024 Common Stock 415K $8.27 Direct F2, F5
transaction NA Stock Option (Right to Buy) Disposed to Issuer -250K -100% 0 Jun 11, 2024 Common Stock 250K $15.48 Direct F2, F5
transaction NA Stock Option (Right to Buy) Disposed to Issuer -298K -100% 0 Jun 11, 2024 Common Stock 298K $15.92 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven L. Hoerter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") previously granted to the Reporting Person subject to performance-based vesting conditions, for which the performance conditions associated with such RSUs had not yet occurred.
F2 This Form 4 reports securities disposed pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 29, 2024, by and among the Issuer, Ono Pharmaceutical Co., Ltd. ("Parent"), and Topaz Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub completed a cash tender offer to acquire all of the issued and outstanding shares of common stock of the Issuer, par value $0.01 per share (the "Common Stock") for a price per share of $25.60, without interest and subject to tax withholding (the "Merger Consideration"). Effective as of June 11, 2024 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation in the Merger and as a wholly owned subsidiary of Parent.
F3 Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each outstanding RSU (whether vested or unvested) was deemed to have vested, and was cancelled and automatically converted into the right to receive an amount in cash equal to the Merger Consideration.
F4 Pursuant to the terms of the Merger Agreement, at the Effective Time, each share of Common Stock held by the Reporting Person was tendered in exchange for the Merger Consideration, without interest and subject to tax withholding.
F5 Pursuant to the terms of the Merger Agreement, immediately prior to the Effective Time, each outstanding stock option of the Issuer having an exercise price per share that is less than the Merger Consideration became fully vested, and was cancelled and automatically converted into the right to receive an amount in cash equal to (A) the number of shares underlying such option multiplied by (B) the Merger Consideration.