William Lehmann JR - 15 Dec 2021 Form 4 Insider Report for ATHERSYS, INC / NEW (ATHX)

Role
Interim CEO, President, COO
Signature
/s/ Katherine M. Serevitch, as attorney-in-fact for William O. Lehmann
Issuer symbol
ATHX
Transactions as of
15 Dec 2021
Net transactions value
+$6,400
Form type
4
Filing time
15 Dec 2021, 10:11:04 UTC
Previous filing
28 Oct 2021
Next filing
17 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATHX Common Stock Options Exercise $6,400 +5,000 +1% $1.28 481,287 15 Dec 2021 Direct F1, 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 ATHX Stock Option (right to purchase) Options Exercise $0 -5,000 -4.4% $0.000000 107,680 15 Dec 2021 Common Stock 5,000 $1.28 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2021, Mr. Lehmann exercised a vested stock option to purchase 5,000 shares of common stock and paid the cash exercise price of $6,400. No tax withholdings were due on the out-of-money option exercise. None of the 5,000 shares of common stock issued upon exercise were sold.
F2 Securities beneficially owned are comprised of of (1) 207,521 shares of common stock owned and (2) unvested restricted stock units aggregating 273,766 related to annual awards, which vest quarterly over a four-year period from the date of grant.
F3 Stock option vests ratably on a quarterly basis over a four-year period from the date of grant. Award is now fully vested.