Thomas Charles Reilly - 01 Jul 2022 Form 4 Insider Report for AMARIN CORP PLC\UK (AMRN)

Role
SVP and CFO
Signature
/s/ Thomas Charles Reilly
Issuer symbol
AMRN
Transactions as of
01 Jul 2022
Transactions value $
$0
Form type
4
Filing time
06 Jul 2022, 20:11:06 UTC
Previous filing
06 Jul 2022
Next filing
23 Feb 2023
SEC
View on sec.gov

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 AMRN Stock Option (Right to Buy) Award $0 +100,000 $0.000000 100,000 01 Jul 2022 Ordinary Shares 100,000 $1.44 Direct F1, F2
transaction AMRN Restricted Stock Units Award $0 +100,000 $0.000000 100,000 01 Jul 2022 Ordinary Shares 100,000 $0.000000 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2022, the Reporting Person was granted an option to purchase 100,000 Ordinary Shares under the Amarin Corporation plc 2020 Stock Incentive Plan (the "2020 Plan"). The shares subject to this option shall vest and become exercisable over four years, with 25% to vest on June 20, 2023 and the balance to vest ratably over the subsequent 12 calendar quarters on the twentieth (20th) day of each September, December, March and June.
F2 The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Ordinary Share or cash in lieu thereof at the Issuer's discretion.
F4 On July 1, 2022, the Reporting Person was granted 100,000 RSUs under the 2020 Plan. These RSUs vest in three equal installments on each of June 20, 2023, June 20, 2024 and June 20, 2025.
F5 Not applicable.

Remarks:

In the case of a Change of Control (as defined in the Issuer's stock incentive plan), the grants described in this Form 4 vest in full. As of the date of this Form 4, the Reporting Person holds the right to acquire an aggregate of 300,000 Ordinary Shares of the Issuer in the form of stock options and RSUs outstanding under the Issuer's stock incentive plan, including certain performance-based RSUs that are earned (and reportable on a Form 4) only if certain pre-defined operational milestones are achieved and then vest only if the recipient remains with the company for an extended period of time.