Barry D. Quart - 13 Oct 2021 Form 4 Insider Report for HERON THERAPEUTICS, INC. /DE/ (HRTX)

Role
Chief Executive Officer, Director
Signature
/s/ Lisa Peraza Attorney-in-fact for Barry D. Quart
Issuer symbol
HRTX
Transactions as of
13 Oct 2021
Transactions value $
-$10,160
Form type
4
Filing time
15 Oct 2021, 16:25:50 UTC
Previous filing
15 Jul 2021
Next filing
14 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRTX Common Stock Options Exercise +3.65K +3.67% 103K 13 Oct 2021 Direct F1
transaction HRTX Common Stock Tax liability -$10.2K -963 -0.93% $10.55* 102K 13 Oct 2021 Direct 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 HRTX Restricted Stock Units Options Exercise $0 -3.65K -7.69% $0.00 43.8K 13 Oct 2021 Common Stock 3.65K Direct F1, F3
transaction HRTX Employee Stock Option (Right to Buy) Award $0 +391K $0.00 391K 13 Oct 2021 Common Stock 391K $10.55 Direct F4
transaction HRTX Restricted Stock Units Award $0 +195K $0.00 195K 13 Oct 2021 Common Stock 195K $0.00 Direct F5
* 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 Represents the withholding by the Company of certain of the vested shares of restricted stock to satisfy the minimum statutory tax obligations applicable to such transactions.
F3 The restricted stock units vest in 16 equal quarterly installments beginning one quarter after the date of grant (10/13/2020).
F4 The stock option vests and becomes exercisable monthly with 33% of the shares vesting during the first year, 33% of the shares vesting during the second year, 22% of the shares vesting during the third year and the remaining 12% of the shares vesting during the fourth year, such that the stock option will be fully vested on the four year anniversary of the date of grant.
F5 The restricted stock units vest quarterly with 33% of the shares vesting during the first year, 33% of the shares vesting during the second year, 22% of the shares vesting during the third year and the remaining 12% of the shares vesting during the fourth year, such that all shares will be fully vested on the four year anniversary of the date of grant.