Douglas E. Onsi - 17 Mar 2023 Form 4 Insider Report for LEAP THERAPEUTICS, INC. (LPTX)

Signature
/s/ Douglas E. Onsi
Issuer symbol
LPTX
Transactions as of
17 Mar 2023
Net transactions value
$0
Form type
4
Filing time
21 Mar 2023, 16:05:20 UTC
Previous filing
02 Sep 2022
Next filing
04 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTX Common Stock Options Exercise +660,606 +76815% 661,466 17 Mar 2023 Direct F1
holding LPTX Common Stock 4,144,804 17 Mar 2023 By HealthCare Ventures IX, L.P. F2

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 LPTX Restricted Stock Units Options Exercise $0 -660,606 -100% $0.000000* 0 17 Mar 2023 Common Stock 660,606 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 The reporting person is a Managing Director of HealthCare Partners IX, LLC which is the General Partner of HealthCare Partners IX, L.P., which is the General Partner of HealthCare Ventures IX, L.P. The reporting person beneficially owns and shares voting and dispositive power with respect to all of the securities owned by HealthCare Ventures IX, L.P. and disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
F3 On March 17, 2020, the reporting person was granted 660,606 Restricted Stock Units, vesting on March 17, 2023 or upon a change of control, whichever is earlier, provided that the grantee continues to be employed by, or provides service to the Company from the grant date to the vesting date of the Restricted Stock Units. At such time as the Restricted Stock Units vest, one share of Common Stock shall be issued automatically in settlement of each Restricted Stock Unit.