1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Incentive Stock Options (right to buy)
|
01/02/2014(3)
|
01/02/2023 |
Common Stock
|
12,785
|
$
26.24
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
01/02/2014(3)
|
01/02/2023 |
Common Stock
|
52,215
|
$
26.24
|
D
|
Â
|
Incentive Stock Options (right to buy)
|
06/04/2014(4)
|
06/04/2023 |
Common Stock
|
1,845
|
$
34.92
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
06/04/2014(4)
|
06/04/2023 |
Common Stock
|
16,155
|
$
34.92
|
D
|
Â
|
Incentive Stock Options (right to buy)
|
02/28/2015(4)
|
02/28/2024 |
Common Stock
|
896
|
$
29.03
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
02/28/2015(4)
|
02/28/2024 |
Common Stock
|
20,604
|
$
29.03
|
D
|
Â
|
Incentive Stock Options (right to buy)
|
02/27/2016(4)
|
02/27/2025 |
Common Stock
|
5,836
|
$
13.9
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
02/27/2016(4)
|
02/27/2025 |
Common Stock
|
14,164
|
$
13.9
|
D
|
Â
|
Incentive Stock Options (right to buy)
|
02/28/2017(4)
|
02/28/2026 |
Common Stock
|
6,161
|
$
13.71
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
02/28/2017(4)
|
02/28/2026 |
Common Stock
|
13,839
|
$
13.71
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
06/04/2014(5)
|
06/04/2023 |
Common Stock
|
14,400
|
$
34.92
|
D
|
Â
|
Incentive Stock Options (right to buy)
|
02/28/2017(6)
|
02/28/2026 |
Common Stock
|
1,726
|
$
13.71
|
D
|
Â
|
Non-Qualified Stock Options (right to buy)
|
02/28/2017(6)
|
02/28/2026 |
Common Stock
|
18,274
|
$
13.71
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 16,875 Restricted Stock Awards vest upon the Company exceeding $80 million in total revenue reported in publicly released GAAP financials, in any fiscal quarter between grant date and June 30, 2018, with an additional 3,825 Restricted Stock Awards vesting during the same period if the total revenue reported in the publicly released GAAP financials exceeds $100 million. The Company will withhold the shares to satisfy the executive's tax obligation upon vesting. |
(2) |
Includes shares acquired under the Sarepta Therapeutics, Inc. 2013 Employee Stock Purchase Plan, 1600 shares were acquired at a price of $11.466 and 800 shares were acquired at a price of $11.815. |
(3) |
25% of the option granted vests and is exercisable on the first anniversary of the date of hire and 1/48th of the total granted option will vest and become exercisable on each monthly anniversary thereafter, such that the option will be fully vested and exercisable on the fourth anniversary of the date of hire. |
(4) |
25% of the option granted vests and is exercisable on the first anniversary of the date of grant and 1/48th of the total granted option will vest and become exercisable on each monthly anniversary thereafter, such that the option will be fully vested and exercisable on the fourth anniversary of the date of grant. |
(5) |
In the event of the achievement of certain performance milestones prior to January 1, 2017, the shares subject to the option will vest and become exercisable with respect to 1/4th of the total number of shares subject to the option on June 4, 2014 and 1/48th of the original number of shares subject to the option monthly thereafter, subject to continued service with the Issuer. |
(6) |
Half of the options begin vesting in the event the FDA provides marketing approval for eteplirsen as of the applicable PDUFA date and the other half of the options begin vesting in the event Sarepta files a Marketing Authorization Application with the EMEA prior to December 31, 2016. Vesting of the options allocated to the achievement of each goal is as follows: (i) 50% of the options allocated to the achieved goal vests immediately upon achievement of the performance condition (25% of the total Performance-Based Options granted) and (ii) the remaining 50% of the options allocated to the achieved goal (25% of the total Performance-Based Options granted) vests over four years with 25% of these remaining options vesting on the first year anniversary of the grant date and 1/48th of these remaining options vesting monthly thereafter. |