Maia Hansen - 19 Sep 2022 Form 4 Insider Report for ATHERSYS, INC / NEW (ATHX)

Role: Chief Operating Officer
Signature: /s/ Barb Cameron, as attorney-in-fact for Maia Hansen
Issuer symbol: ATHX
Transactions as of: 19 Sep 2022
Transactions value $: $-19.32
Form type: 4
Filing time: 21 Sep 2022, 11:30:52 UTC
Previous filing: 01 Sep 2022
Next filing: 06 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATHX	Common Stock	Tax liability	$-19.32	-12	-0.16%	$1.61	7,626	19 Sep 2022	Direct	F1, F2
holding	ATHX	Common Stock						10	19 Sep 2022	By son	F3

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
holding	ATHX	Stock Option (right to purchase)						2,000	19 Sep 2022	Common Stock	2,000	$7.00	Direct	F4, F5
holding	ATHX	Stock Option (right to purchase)						4,000	19 Sep 2022	Common Stock	4,000	$54.25	Direct	F4, F6
holding	ATHX	Stock Option (right to purchase)						7,920	19 Sep 2022	Common Stock	7,920	$40.75	Direct	F4, F7
holding	ATHX	Stock Option (right to purchase)						16,000	19 Sep 2022	Common Stock	16,000	$29.50	Direct	F4, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld from the quarterly vesting of annual restricted stock unit awards related to the tax withholding obligation.
F2	On August 26, 2022, the Issuer effected a 1-for-25 reverse stock split of its Common Stock (the "Reverse Stock Split"), resulting in a decrease in the Reporting Person's ownership by 183,320 shares.
F3	The Reverse Stock Split resulted in a decrease in the Reporting Person's ownership by 253 shares.
F4	This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 25 (and at an exercise price equal to this reported exercise price divided by 25)).
F5	Award will vest 50% on July 1, 2023, and the remaining 50% will vest on July 1, 2024.
F6	Award of an employee stock option in connection with a retention agreement. The option vests one-third on May 1, 2022 and two-thirds on May 1, 2023, subject to employee's continued service through the vesting date. Vesting would be accelerated upon a termination of employee's employment without cause.
F7	One-fourth of the option vests on the one-year anniversary date of the grant and the remainder vests in equal quarterly installments over the following three years.