| 1. Name
and Address of Reporting Person * WILLS STEPHEN
T |
2. Issuer Name and Ticker or Trading
Symbol PALATIN TECHNOLOGIES INC [ PTN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Executive VP and CFO/COO |
|
(Last)
(First)
(Middle)
PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/25/2022
|
|
(Street)
CRANBURY, NJ 08512
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
| Explanation of
Responses: |
| (1) |
A certificate of amendment
of the articles of incorporation of Palatin Technologies for a
1-for-25 reverse stock split of issued and outstanding common stock
(the "Reverse Stock Split") was effective as of 5:00 p.m. Eastern
Time on August 30, 2022 (the "Effective Date"). All share and per
share numbers herein, including common stock and awards made or
vested prior to the Effective Date, have been adjusted to give
effect to the Reverse Stock Split. |
| (2) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 16, 2022, the date of vesting. The grant of
the underlying 5,570 time-based restricted share units, which
vested on June 16, 2022, was reported on Form 4 filed on June 18,
2020 as to one half of the total grant, and on Form 4 filed on June
26, 2020 as to the remaining one half, which had been granted
contingent on increasing the shares reserved for grant under the
2011 Stock Incentive Plan, which was approved the stockholders at a
meeting on June 25, 2020. |
| (3) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 16, 2022, the date of vesting. The grant and
vesting of the underlying 5,097 restricted share units was reported
on Form 4 filed on June 24, 2022, with a transaction date of June
22, 2022. |
| (4) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 22, 2022, the date of vesting. The grant of
the underlying 6,090 time-based restricted share units, which
vested on June 22, 2022, was reported on Form 4 filed on June 24,
2021. |
| (5) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 22, 2022, the date of vesting. The grant and
vesting of the underlying 1,441 restricted share units was reported
on Form 4 filed on June 24, 2022, with a transaction date of June
22, 2022. |
| (6) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 22, 2022, the date of vesting. The grant and
vesting of the underlying 1,626 restricted share units was reported
on Form 4 filed on June 28, 2022, with a transaction date of June
22, 2022. |
| (7) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2022 payroll), with the per share value
determined as of June 24, 2022, the date of vesting. The grant of
the underlying 2,020 time-based restricted share units which vested
on June 24, 2022 was reported on Form 4 filed on June 26,
2019. |
| (8) |
Shares withheld by the
issuer, on election of the Reporting Person with the consent of the
issuer, to pay employee withholding taxes. Such taxes were withheld
and reported for the payroll in the period ended October 25, 2022
(for the October 28, 2028 payroll), with the per share value
determined as of June 24, 2022, the date of vesting. The grant and
vesting of the underlying 1,898 restricted share units was reported
on Form 4 filed on June 24, 2022, with a transaction date of June
22, 2022. |