MARC D. KOZIN - 28 Dec 2021 Form 4 Insider Report for Dicerna Pharmaceuticals Inc (DRNA)

Role
Director
Signature
/s/ Douglas W. Pagan, attorney-in-fact
Issuer symbol
DRNA
Transactions as of
28 Dec 2021
Transactions value $
-$433,487
Form type
4
Filing time
29 Dec 2021, 15:21:05 UTC
Previous filing
10 Sep 2021
Next filing
10 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRNA Common Stock Disposed to Issuer -$242,237 -6,333 -100% $38.25 0 28 Dec 2021 Direct F1
transaction DRNA Common Stock Disposed to Issuer -$191,250 -5,000 -100% $38.25 0 28 Dec 2021 By Marc D. Kozin Revocable Trust 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 DRNA Restricted Stock Units Disposed to Issuer -3,333 -100% 0 28 Dec 2021 Common Stock 3,333 Direct F2, F3
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25,000 -100% 0 28 Dec 2021 Common Stock 25,000 $10.31 Direct F4
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -25,000 -100% 0 28 Dec 2021 Common Stock 25,000 $15.44 Direct F4
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15,000 -100% 0 28 Dec 2021 Common Stock 15,000 $21.61 Direct F4
transaction DRNA Director Stock Option (Right to Buy) Disposed to Issuer -15,000 -100% 0 28 Dec 2021 Common Stock 15,000 $30.47 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

MARC D. KOZIN is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 17, 2021, by and among the Issuer, Novo Nordisk A/S, a Danish aktieselskab ("Novo"), and NNUS New Research, Inc., a Delaware corporation and a wholly owned indirect subsidiary of Novo ("Purchaser"), to which Purchaser completed a tender offer for shares of common stock of Issuer, $0.0001 par value per share (each, a "Share") and thereafter merged with and into the Issuer (the "Merger") effective as of December 28, 2021 (the "Effective Time"). At the Effective Time, each issued and outstanding Share, including the Reporting Person's Shares, was converted into the right to receive $38.25 per Share, in cash, without interest (the "Offer Price") and subject to any withholding of taxes, upon the terms and conditions of the Merger Agreement. From and after the Effective Time, all Shares were no longer outstanding and were automatically cancelled.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive one Share.
F3 At the Effective Time, each Issuer RSU that was then outstanding was cancelled and converted into the right to receive a cash payment equal to (A) the Offer Price multiplied by (B) the total number of Shares subject to such Issuer RSU immediately prior to the Effective Time (without regard to vesting).
F4 Pursuant to the terms of the Merger Agreement, at the Effective Time, each option to purchase Shares granted under an Issuer equity plan (each, an "Issuer Stock Option") that was outstanding and unexercised was cancelled and converted into the right to receive a cash payment equal to (A) the excess, if any, of (x) the Offer Price over (y) the exercise price payable per Share with respect to such Issuer Stock Option, multiplied by (B) the total number of Shares subject to such Issuer Stock Option immediately prior to the Effective Time (without regard to vesting).