Statement of Changes in Beneficial Ownership (4)
June 10 2020 - 6:57PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
SIEGALL CLAY B |
2. Issuer Name and Ticker or Trading Symbol
SEATTLE GENETICS INC /WA
[
SGEN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
21823 30TH DRIVE SE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/8/2020 |
(Street)
BOTHELL, WA 98021
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/8/2020 | | M | | 6600 | A | $12.0 | 724939 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 6600 | D | $151.09 (3) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 5937 | A | $12.0 | 724276 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 5937 | D | $150.23 (4) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 4635 | A | $12.0 | 722974 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 4635 | D | $148.85 (5) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 2800 | A | $12.0 | 721139 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 2800 | D | $148.12 (6) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 3500 | A | $12.0 | 721839 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 3500 | D | $147.0 (7) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 2300 | A | $12.0 | 720639 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 2300 | D | $146.07 (8) | 718339 (1) | D | |
Common Stock | 6/8/2020 | | M | | 2700 | A | $12.0 | 721039 (1) | D | |
Common Stock | 6/8/2020 | | S(2) | | 2700 | D | $145.03 (9) | 718339 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 6600 | (10) | 8/27/2020 | Common Stock | 6600 | $0.0 | 78819 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 5937 | (10) | 8/27/2020 | Common Stock | 5937 | $0.0 | 72882 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 4635 | (10) | 8/27/2020 | Common Stock | 4635 | $0.0 | 68247 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 2800 | (10) | 8/27/2020 | Common Stock | 2800 | $0.0 | 65447 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 3500 | (10) | 8/27/2020 | Common Stock | 3500 | $0.0 | 61947 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 2300 | (10) | 8/27/2020 | Common Stock | 2300 | $0.0 | 59647 | D | |
Non-Qualified Stock Option (right to buy) | $12.0 | 6/8/2020 | | M | | | 2700 | (10) | 8/27/2020 | Common Stock | 2700 | $0.0 | 56947 | D | |
Explanation of Responses: |
(1) | Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting. |
(2) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
(3) | Reflects sales of common stock executed in multiple transactions at prices ranging from $150.60 to $151.55. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(4) | Reflects sales of common stock executed in multiple transactions at prices ranging from $149.56 to $150.55. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(5) | Reflects sales of common stock executed in multiple transactions at prices ranging from $148.50 to $149.47. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(6) | Reflects sales of common stock executed in multiple transactions at prices ranging from $147.50 to $148.48. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(7) | Reflects sales of common stock executed in multiple transactions at prices ranging from $146.50 to $147.49. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(8) | Reflects sales of common stock executed in multiple transactions at prices ranging from $145.50 to $146.47. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(9) | Reflects sales of common stock executed in multiple transactions at prices ranging from $144.50 to $145.44 The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected. |
(10) | Options vested at a rate of 25% on 8/27/11 and monthly thereafter until all the shares were fully vested on 8/27/14. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SIEGALL CLAY B 21823 30TH DRIVE SE BOTHELL, WA 98021 | X |
| President and CEO |
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Signatures
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By: /s/ Jean Liu For: Clay B. Siegall | | 6/10/2020 |
**Signature of Reporting Person | Date |
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