Mark Elliott Boulding - 17 Apr 2023 Form 4 Insider Report for PTC THERAPEUTICS, INC. (PTCT)

Role
EXEC. VP AND CLO
Signature
/s/ Avraham S. Adler, Attorney-in-Fact
Issuer symbol
PTCT
Transactions as of
17 Apr 2023
Transactions value $
$-3,183,830
Form type
4
Filing time
19 Apr 2023, 16:09:01 UTC
Previous filing
02 Feb 2023
Next filing
10 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTCT Common Stock Options Exercise $101,591 +3,292 +4.37% $30.86 78,670 17 Apr 2023 Direct F1
transaction PTCT Common Stock Sale $-169,276 -3,292 -4.18% $51.42 75,378 17 Apr 2023 Direct F1, F2
transaction PTCT Common Stock Options Exercise $1,809,353 +58,631 +77.8% $30.86 134,009 17 Apr 2023 Direct F1
transaction PTCT Common Stock Sale $-3,014,554 -58,631 -43.8% $51.42 75,378 17 Apr 2023 Direct F1, 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
transaction PTCT Stock Option (Right to Buy) Options Exercise $-101,591 -3,292 -5.32% $30.86 58,631 17 Apr 2023 Common Stock 3,292 $30.86 Direct F1, F4
transaction PTCT Stock Option (Right to Buy) Options Exercise $-1,809,353 -58,631 -100% $30.86 0 17 Apr 2023 Common Stock 58,631 $30.86 Direct F1, F4
holding PTCT Stock Option (Right to Buy) 85,600 17 Apr 2023 Common Stock 85,600 $51.00 Direct F4
holding PTCT Stock Option (Right to Buy) 72,500 17 Apr 2023 Common Stock 72,500 $33.02 Direct F4
holding PTCT Stock Option (Right to Buy) 17,500 17 Apr 2023 Common Stock 17,500 $33.02 Direct F4
holding PTCT Stock Option (Right to Buy) 59,500 17 Apr 2023 Common Stock 59,500 $51.16 Direct F5
holding PTCT Stock Option (Right to Buy) 59,500 17 Apr 2023 Common Stock 59,500 $66.49 Direct F6
holding PTCT Stock Option (Right to Buy) 54,000 17 Apr 2023 Common Stock 54,000 $38.10 Direct F7
holding PTCT Stock Option (Right to Buy) 36,250 17 Apr 2023 Common Stock 36,250 $39.42 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a written Rule 10b5-1 plan adopted by the reporting person on November 2, 2022.
F2 This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $51.00 to $51.79 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F3 This price represents the weighted average price of sale transactions that were executed in multiple trades at prices ranging from $51.00 to $51.825 per share. The Reporting Person hereby undertakes, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
F4 Currently exercisable.
F5 This option was granted on January 29, 2020, and vests over four years, with 25% of the shares underlying the option vesting on January 29, 2021, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 29, 2021.
F6 This option was granted on January 6, 2021, and vests over four years, with 25% of the shares underlying the option vesting on January 6, 2022, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 6, 2022.
F7 This option was granted on January 7, 2022, and vests over four years, with 25% of the shares underlying the option vesting on January 7, 2023, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 7, 2023.
F8 This option was granted on January 5, 2023, and vests over four years, with 25% of the shares underlying the option vesting on January 5, 2024, and an additional 6.25% of the original number of shares underlying the option vesting at the end of each successive three-month period thereafter, beginning on April 5, 2024.