Paul E. Cayer - 14 Jan 2022 Form 4 Insider Report for OTONOMY, INC. (OTIC)

Role
Ch. Financial & Business Offcr
Signature
/s/ Paul E. Cayer
Issuer symbol
OTIC
Transactions as of
14 Jan 2022
Transactions value $
$0
Form type
4
Filing time
19 Jan 2022, 15:37:53 UTC
Next filing
29 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIC Common Stock Award $0 +100K +74.95% $0.00 233K 14 Jan 2022 Direct F1

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 OTIC Stock Option (right to buy) Award $0 +250K $0.00 250K 14 Jan 2022 Common Stock 250K $2.03 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share is represented by a Restricted Stock Unit ("RSU"). One-third (1/3) of the RSUs will vest on January 14, 2023 and 1/3 of the RSUs will vest on each of the two anniversaries thereafter, subject to the Reporting Person's continued service as of each such vesting date.
F2 One-third (1/3) of the shares subject to the option vest on January 14, 2023 and one thirty-sixth (1/36) of the shares vest monthly thereafter, subject to the Reporting Person's continued service as of each such vesting date.