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| | | | A-1 | | |
Directors with Terms Expiring at the Annual
Meeting/Nominees |
| |
Age
|
| |
Position
|
| |
Director
Since |
|
Iain Dukes, D. Phil. | | |
63
|
| | Chairman of the Board of Directors | | |
2016
|
|
Athena Countouriotis, M.D. | | |
50
|
| | Director | | |
2019
|
|
Ryan Maynard | | |
52
|
| | Director | | |
2015
|
|
Merrill A. McPeak | | |
86
|
| | Director | | |
2011
|
|
Wayne P. Rothbaum | | |
54
|
| | Director | | |
2016
|
|
Michael Weiser, M.D., Ph.D. | | |
59
|
| | Director | | |
2018
|
|
Board Diversity Matrix
|
| ||||||||||||||||||||||||||||||
Total Number of Directors
|
| | | | | | | |
6
|
| |||||||||||||||||||||
Part I: Gender Identity
|
| |
Female
|
| |
Male
|
| | | | | | | |
Non-Binary
|
| |
Did Not
Disclose Gender |
| ||||||||||||
Directors
|
| | | | 1 | | | | | | 5 | | | | | | | | | | | | — | | | | | | — | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
Alaskan Native or Native American
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
Asian
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
Hispanic or Latinx
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
White
|
| | | | 1 | | | | | | 5 | | | | | | | | | | | | — | | | | | | — | | |
Two or More Races or Ethnicities
|
| | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
LGBTQ+
|
| | | | | | | | | | | | | | | | 1 | | | | | | | | | | | | | | |
Did Not Disclose Demographic Background
|
| | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | |
| | | | | |
Annual
Cash Retainer ($)(1) |
| |
Annual
Equity Compensation(2) |
| ||||||
Board of Directors membership
|
| | | | | | $ | 35,000 | | | | | | 35,000 | | |
Chairman of the Board of Directors (Extra Retainer)
|
| | | | | | $ | 25,000 | | | | | | 35,000 | | |
Audit Committee
|
| | Chair | | | | $ | 15,000 | | | | | | | | |
| | | Member | | | | $ | 7,500 | | | | | | | | |
Compensation Committee
|
| | Chair | | | | $ | 15,000 | | | | | | | | |
| | | Member | | | | $ | 7,500 | | | | | | | | |
Nominating and Corporate Governance Committee
|
| | Chair | | | | $ | 15,000 | | | | | | | | |
| | | Member | | | | $ | 7,500 | | | | | | | | |
Name
|
| |
Fees Earned
or Paid in Cash ($) |
| |
Options
Awards ($)(1) |
| |
Total
($) |
| |||||||||
Athena Countouriotis, M.D.
|
| | | $ | 50,000 | | | | | $ | 546,917 | | | | | $ | 596,917 | | |
Iain Dukes, D. Phil.
|
| | | $ | 67,500 | | | | | $ | 1,093,834 | | | | | $ | 1,161,334 | | |
Ryan Maynard
|
| | | $ | 50,000 | | | | | $ | 546,917 | | | | | $ | 596,917 | | |
Merrill A. McPeak
|
| | | $ | 61,250 | | | | | $ | 546,917 | | | | | $ | 608,167 | | |
Wayne Rothbaum(2)(3)
|
| | | $ | 240,000 | | | | | $ | — | | | | | $ | 240,000 | | |
Michael Weiser, M.D., Ph.D.(2)
|
| | | $ | 305,000 | | | | | $ | 546,917 | | | | | $ | 851,917 | | |
| | |
Common Stock
|
| |||||||||
Name and Address of Beneficial Owner
|
| |
Number of
Shares |
| |
Percent of
Class(1) |
| ||||||
The Vanguard Group, Inc.
100 Vanguard Blvd. Malvern, PA 19335 |
| | | | 12,013,511(2) | | | | | | 7.5% | | |
Perceptive Advisors LLC
Joseph Edelman Perceptive Life Sciences Master Fund Ltd. 51 Astor Place, 10th Floor New York, NY 10003 |
| | | | 11,134,432(3) | | | | | | 7.0% | | |
Wellington Management Group LLP
280 Congress Street Boston, MA 02210 |
| | | | 9,584,082(4) | | | | | | 6.0% | | |
Quogue Capital LLC
1171 S. Ocean Blvd. Delray Beach, FL 33483 |
| | | | 9,000,000(5) | | | | | | 5.6% | | |
Avoro Capital Advisors (formerly known as venBio Select Advisor LLC)
110 Greene Street, Suite 800 New York, NY 10012 |
| | | | 8,675,000(6) | | | | | | 5.4% | | |
BlackRock Inc.
55 East 52nd Street New York, NY 10055 |
| | | | 7,408,505(7) | | | | | | 4.6% | | |
Franklin Resources Inc
One Franklin Parkway San Mateo, CA 94403 |
| | | | 5,797,716(8) | | | | | | 3.6% | | |
T. Rowe Price Associates, Inc.
100 E. Pratt Street Baltimore, MD 21202 |
| | | | 4,663,785(9) | | | | | | 2.9% | | |
Named Executive Officers and Directors | | | | | | | | | | | | | |
Merrill A. McPeak
|
| | | | 745,033(10) | | | | | | * | | |
Michael Weiser, M.D., Ph.D.
|
| | | | 298,882(11) | | | | | | * | | |
Ryan D. Maynard
|
| | | | 286,250(12) | | | | | | * | | |
Frederick G. Vogt, Ph.D., J.D.
|
| | | | 705,689(12) | | | | | | * | | |
Jean -Marc Bellemin
|
| | | | 94,633(15) | | | | | | * | | |
Wayne Rothbaum
|
| | | | 9,000,000(13) | | | | | | 5.6% | | |
| | |
Common Stock
|
| |||||||||
Name and Address of Beneficial Owner
|
| |
Number of
Shares |
| |
Percent of
Class(1) |
| ||||||
Iain Dukes, D. Phil.
|
| | | | 564,500(14) | | | | | | * | | |
Athena Countouriotis, M.D.
|
| | | | 96,250(12) | | | | | | * | | |
Friedrich Graf Finckenstein, M.D.
|
| | | | 264,267(12) | | | | | | * | | |
Igor Bilinsky, Ph.D.
|
| | | | 81,345(12) | | | | | | * | | |
Maria Fardis, Ph.D.
|
| | | | 94,512(16) | | | | | | * | | |
Michael Swartzburg
|
| | | | —(17) | | | | | | * | | |
All directors, director nominees and current executive officers as a group
(10 persons) |
| | | | 12,136,849(18) | | | | | | 7.6% | | |
Plan Category
|
| |
Number of securities
to be issued upon exercise of outstanding options, warrants, rights, and vesting of stock awards (a) |
| |
Weighted-average
exercise or base price of outstanding options, warrants, rights, and stock awards (b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
2018 Equity Incentive Plan, as amended in 2020
|
| | | | 9,221,854 | | | | | $ | 27.19 | | | | | | 3,886,948 | | |
2014 Equity Incentive Plan
|
| | | | 3,191,546 | | | | | $ | 13.60 | | | | | | 60,785 | | |
Equity compensation plans not approved by our stockholders:(1)
|
| | | | | | | | | | | | | | | | | | |
2010 Equity Compensation Plan
|
| | | | — | | | | | $ | — | | | | | | — | | |
2011 Equity Incentive Plan
|
| | | | 941,000 | | | | | $ | 15.57 | | | | | | — | | |
2021 Inducement Plan
|
| | | | 276,475 | | | | | $ | 18.56 | | | | | | 753,525 | | |
Total
|
| | | | 13,630,875 | | | | | $ | 24.95 | | | | | | 4,671,258 | | |
Name
|
| |
Age
|
| |
Position
|
|
Frederick G. Vogt, Ph.D., J.D. | | | 48 | | | Interim Chief Executive Officer and President, General Counsel | |
Jean-Marc Bellemin | | | 50 | | | Chief Financial Officer | |
Friedrich Graf Finckenstein, M.D. | | | 55 | | | Chief Medical Officer | |
Igor Bilinsky, Ph.D. | | | 49 | | | Chief Operating Officer | |
Compensation Element
|
| |
Purpose
|
|
Base Salary
|
| |
•
Fixed cash compensation that is reviewed annually and adjusted as appropriate based on individual performance and internal and external practices and levels.
•
Attracts and retains executives by offering fixed compensation that is competitive with market opportunities and that recognizes each executive’s position, role, responsibility, and experience.
|
|
Annual Incentives
|
| |
•
Variable cash compensation based on performance versus pre-established annual goals as well as individual performance.
•
Designed to motivate and reward the achievement of our key annual performance objectives, which for 2021 were generally based on clinical, manufacturing, regulatory, financial, and research and development performance.
|
|
Long-Term Incentives
|
| |
•
Variable long-term compensation payable in the form of time-vesting stock options and/or restricted stock units.
•
Generally, employees receive an initial equity grant upon joining the Company. Annually thereafter, employees are eligible for grants of stock options and/or restricted stock units based on a combination of company and individual performance.
•
Intended to align our executives’ interests with the interests of our stockholders through equity-based compensation where value to the participants is directly tied to stockholder value.
•
Promotes the long-term retention of our executives and employees.
•
Promotes an ownership culture among our employees.
|
|
|
Acceleron Pharma, Inc.
Allogene Therapeutics, Inc.(1) Arena Pharmaceuticals, Inc.(1) Atara Biotherapeutics, Inc. Blueprint Medicines Corp. ChemoCentryx, Inc. Cytokinetics, Inc. Deciphera Pharmaceuticals, Inc.(1) |
| |
Epizyme, Inc.
Fate Therapeutics, Inc. Mirati Therapeutics, Inc. MyoKardia, Inc. Nektar Therapeutics(1) Principia Biopharma, Inc.(1) Xencor, Inc. |
|
|
Allogene Therapeutics, Inc.
Allakos Inc.(1) Arcus Biosciences, Inc.(1) Arena Pharmaceuticals, Inc. Atara Biotherapeutics, Inc. Blueprint Medicines Corp. BridgeBio Pharma, Inc.(1) ChemoCentryx, Inc. |
| |
Cytokinetics, Inc.
Deciphera Pharmaceuticals, Inc. Denali Therapeutics Inc.(1) Fate Therapeutics, Inc. Instil Bio, Inc.(1) Mirati Therapeutics, Inc. Nektar Therapeutics Xencor, Inc. |
|
Name and Principal Position
|
| |
2020
Salary |
| |
Ending 2021
Salary |
| |
%
Increase from Final 2020 Base Salary |
| |||||||||
Frederick G. Vogt, Ph.D., J.D.,
Interim Chief Executive Officer and President(1) |
| | | $ | 420,000 | | | | | $ | 500,000 | | | | | | 19% | | |
Friedrich Graf Finckenstein, M.D.,
Chief Medical Officer |
| | | $ | 450,000 | | | | | $ | 470,000 | | | | | | 4% | | |
Jean-Marc Bellemin,
Chief Financial Officer |
| | | $ | 450,000 | | | | | $ | 450,000 | | | | | | — | | |
Igor Bilinsky, Ph.D.,
Chief Operating Officer(2) |
| | | $ | — | | | | | $ | 450,000 | | | | | | — | | |
Maria D. Fardis, Ph.D.,
Former Chief Executive Officer and President (3) |
| | | $ | 600,000 | | | | | $ | 600,000 | | | | | | — | | |
Michael Swartzburg,
Former Vice President, Finance and interim Principal Financial Officer and Principal Accounting Officer(4) |
| | | $ | 306,190 | | | | | $ | 318,440 | | | | | | 4% | | |
Name and Principal Position
|
| |
2021 Bonus
Eligible Salary |
| |
Annual
Incentive Target %(1) |
| |
2021 Target
Bonus Opportunity |
| |
2021
Actual Bonus Payment(2) |
| |
2021 Actual
Bonus Payment (% of Target Award Opportunity) |
| |||||||||||||||
Frederick G. Vogt, Ph.D., J.D.,
Interim Chief Executive Officer and President(3) |
| | | $ | 500,000 | | | | | | 60% | | | | | $ | 300,000 | | | | | $ | 270,000 | | | | | | 90% | | |
Friedrich Graf Finckenstein, M.D.,
Chief Medical Officer |
| | | $ | 470,000 | | | | | | 40% | | | | | $ | 188,000 | | | | | $ | 169,200 | | | | | | 90% | | |
Jean-Marc Bellemin,
Chief Financial Officer |
| | | $ | 450,000 | | | | | | 40% | | | | | $ | 180,000 | | | | | $ | 162,000 | | | | | | 90% | | |
Igor Bilinsky, Ph.D.,
Chief Operating Officer (4) |
| | | $ | 450,000 | | | | | | 40% | | | | | $ | 180,000 | | | | | $ | 162,000 | | | | | | 90% | | |
Maria Fardis, Ph.D.,
Former Chief Executive Officer and President(5) |
| | | $ | 600,000 | | | | | | 100% | | | | | $ | 600,000 | | | | | $ | — | | | | | | — | | |
Michael Swartzburg,
Former Vice President, Finance and interim Principal Financial Officer and Principal Accounting Officer |
| | | $ | 318,400 | | | | | | 30% | | | | | $ | 95,332 | | | | | $ | — | | | | | | — | | |
Name
|
| |
Grant Date
|
| |
Number of
Securities Underlying Options(1) |
| |
Exercise
Price of Option Awards ($/Share) |
| |
Grant Date
Fair Value of Option Awards ($)(3) |
| ||||||||||||
Frederick G. Vogt, Ph.D., J.D.
|
| | | | 1/4/2021 | | | | | | 175,000(2) | | | | | $ | 46.26 | | | | | $ | 4,710,843 | | |
Friedrich Graf Finckenstein, M.D.
|
| | | | 1/4/2021 | | | | | | 100,000(2) | | | | | $ | 46.26 | | | | | $ | 2,691,910 | | |
Jean-Marc Bellemin(4)
|
| | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | |
Igor Bilinsky, Ph.D.(5)
|
| | | | 3/15/2021 | | | | | | 150,000(2) | | | | | $ | 34.91 | | | | | $ | 3,047,175 | | |
Maria Fardis, Ph.D.(6)
|
| | | | 1/4/2021 | | | | | | 250,000(2) | | | | | $ | 46.26 | | | | | $ | 6,729,775 | | |
Michael Swartzburg(7)
|
| | | | 1/4/2021 | | | | | | 45,000(2) | | | | | $ | 46.26 | | | | | $ | 1,211,360 | | |
Name
|
| |
Cash
Retention Bonus(1) |
| |
Number of
Securities Underlying Options(2) |
| |
Number of
Securities Underlying Stock Awards |
| |
Exercise or
Base Price of Stock and Option Awards ($/Share) |
| |
Grant
Date Fair Value of Stock and Option Awards(3) |
| | |||||||||||||||||
Frederick G. Vogt, Ph.D., J.D.
|
| | | $ | 176,400 | | | | | | 73,900(4) | | | | | | — | | | | | $ | 23.87 | | | | | $ | 1,046,882 | | | | ||
| | | | | | | | | | | 100,000(5) | | | | | | — | | | | | $ | 23.87 | | | | | $ | 1,416,620 | | | | | |
Friedrich Graf Finckenstein, M.D.
|
| | | $ | 188,000 | | | | | | — | | | | | | 39,380(4) | | | | | $ | 23.87 | | | | | $ | 940,001 | | | | ||
Jean-Marc Bellemin
|
| | | $ | 180,000 | | | | | | — | | | | | | 37,700(4) | | | | | $ | 23.87 | | | | | $ | 899,899 | | | | ||
Igor Bilinsky, Ph.D.
|
| | | $ | 180,000 | | | | | | — | | | | | | 37,700(4) | | | | | $ | 23.87 | | | | | $ | 899,899 | | | |
Name
|
| |
Grant Date
|
| |
Number of
Securities Underlying Options(1)(3) |
| |
Number of
Securities Underlying Stock Awards(3) |
| |
Exercise or
Base Price of Stock and Option Awards ($/Share) |
| |
Grant Date
Fair Value of Stock and Option Awards(2) |
| |||||||||||||||
Frederick G. Vogt, Ph.D., J.D.
|
| | | | 1/14/2022 | | | | | | — | | | | | | 250,000 | | | | | $ | 15.49 | | | | | $ | 3,872,500 | | |
Friedrich Graf Finckenstein, M.D.
|
| | | | 1/14/2022 | | | | | | 67,500 | | | | | | 33,750 | | | | | $ | 15.49 | | | | | $ | 1,150,166 | | |
Jean-Marc Bellemin
|
| | | | 1/14/2022 | | | | | | 135,000 | | | | | | — | | | | | $ | 15.49 | | | | | $ | 1,254,758 | | |
Igor Bilinsky, Ph.D.
|
| | | | 1/14/2022 | | | | | | 67,500 | | | | | | 33,750 | | | | | $ | 15.49 | | | | | $ | 1,150,166 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus(1)
($) |
| |
Stock
Awards(2) ($) |
| |
Stock
Option(3) ($) |
| |
Non-Equity
Incentive Plan Compensation(4) ($) |
| |
All Other
Compensation ($)(5) |
| |
Total
($) |
| ||||||||||||||||||||||||
Current Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Frederick G. Vogt, Ph.D., J.D.,
Interim President and Chief Executive Officer |
| | | | 2021 | | | | | | 471,208 | | | | | | — | | | | | | — | | | | | | 7,174,345 | | | | | | 270,000 | | | | | | 11,600 | | | | | | 7,927,153 | | |
| | | 2020 | | | | | | 418,333 | | | | | | — | | | | | | — | | | | | | 2,441,820 | | | | | | 84,000 | | | | | | 11,400 | | | | | | 2,955,553 | | | ||
| | | 2019 | | | | | | 397,917 | | | | | | — | | | | | | — | | | | | | 1,453,980 | | | | | | 160,000 | | | | | | 11,200 | | | | | | 2,023,097 | | | ||
Friedrich Graf Finckenstein, M.D.,
Chief Medical Officer |
| | | | 2021 | | | | | | 468,333 | | | | | | — | | | | | | 940,001 | | | | | | 2,691,910 | | | | | | 169,200 | | | | | | 11,600 | | | | | | 4,281,044 | | |
| | | 2020 | | | | | | 450,000 | | | | | | — | | | | | | — | | | | | | 1,220,910 | | | | | | 90,000 | | | | | | 11,400 | | | | | | 1,772,310 | | | ||
| | | 2019 | | | | | | 204,807 | | | | | | 160,000 | | | | | | — | | | | | | 2,655,440 | | | | | | 82,500 | | | | | | 11,200 | | | | | | 3,113,947 | | | ||
Jean-Marc Bellemin,
Chief Financial Officer |
| | | | 2021 | | | | | | 450,000 | | | | | | — | | | | | | 899,899 | | | | | | — | | | | | | 162,000 | | | | | | 11,600 | | | | | | 1,523,499 | | |
| | | 2020 | | | | | | 22,212 | | | | | | 130,000 | | | | | | — | | | | | | 4,418,700 | | | | | | — | | | | | | — | | | | | | 4,570,912 | | | ||
Igor Bilinsky, Ph.D.,
Chief Operating Officer |
| | | | 2021 | | | | | | 357,981 | | | | | | 50,000 | | | | | | 899,899 | | | | | | 3,047,175 | | | | | | 162,000 | | | | | | 7,367 | | | | | | 4,524,421 | | |
Former Officers:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Maria Fardis, Ph.D.(6)
|
| | | | 2021 | | | | | | 281,923 | | | | | | — | | | | | | — | | | | | | 6,729,775 | | | | | | — | | | | | | — | | | | | | 7,011,698 | | |
Former President and
Chief Executive Officer |
| | | | 2020 | | | | | | 600,000 | | | | | | — | | | | | | — | | | | | | 8,139,400 | | | | | | 300,000 | | | | | | — | | | | | | 9,039,400 | | |
| | | 2019 | | | | | | 600,000 | | | | | | — | | | | | | — | | | | | | 2,907,960 | | | | | | 600,000 | | | | | | — | | | | | | 4,107,960 | | | ||
Michael Swartzburg(8)
|
| | | | 2021 | | | | | | 65,321 | | | | | | 30,000(7) | | | | | | — | | | | | | 1,211,360 | | | | | | — | | | | | | 7,328 | | | | | | 1,314,008 | | |
Former Vice President, Finance and interim Principal
Accounting Officer |
| | | | 2020 | | | | | | 305,208 | | | | | | — | | | | | | — | | | | | | 707,767 | | | | | | 50,521 | | | | | | 11,400 | | | | | | 1,074,896 | | |
Name
|
| |
Grant
Date |
| |
Target Bonus
($) |
| |
All other
option awards: Number of Securities Underlying Options(2) |
| |
All other
Stock Awards: Number of Shares of Stock Units |
| |
Exercise or Base
Price of Option and Stock Awards ($/Share) |
| |
Grant Date
Fair Value of Option and Stock Awards |
| | ||||||||||||||||||||
Frederick G. Vogt, Ph.D., J.D.
|
| | | | 1/4/2021 | | | | | $ | 300,000(1) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||
| | | 1/4/2021 | | | | | $ | — | | | | | | 175,000(3) | | | | | | — | | | | | $ | 46.26 | | | | | $ | 4,710,843(5) | | | | ||||
| | | 6/14/2021 | | | | | $ | — | | | | | | 73,900(4) | | | | | | — | | | | | $ | 23.87 | | | | | $ | 1,046,882(5) | | | | ||||
| | | 6/14/2021 | | | | | $ | — | | | | | | 100,000(3) | | | | | | — | | | | | $ | 23.87 | | | | | $ | 1,416,620(5) | | | | ||||
| | | 6/14/2021 | | | | | $ | 176,400(8) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||||
Friedrich Graf Finckenstein, M.D.
|
| | | | 1/4/2021 | | | | | $ | 188,000(1) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||
| | | 1/4/2021 | | | | | $ | — | | | | | | 100,000(3) | | | | | | — | | | | | $ | 46.26 | | | | | $ | 2,691,910(5) | | | | ||||
| | | 6/14/2021 | | | | | $ | — | | | | | | — | | | | | | 39,380(4) | | | | | $ | 23.87 | | | | | $ | 940,001(6) | | | | ||||
| | | 6/14/2021 | | | | | $ | 188,000(8) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||||
Jean-Marc Bellemin
|
| | | | 1/4/2021 | | | | | $ | 180,000(1) | | | | | | — | | | | | | | | | | | $ | — | | | | | $ | — | | | | ||
| | | 6/14/2021 | | | | | $ | 180,000(8) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||||
| | | 6/14/2021 | | | | | $ | — | | | | | | — | | | | | | 37,700(4) | | | | | $ | 23.87 | | | | | $ | 899,899(6) | | | | ||||
Igor Bilinsky, Ph.D.
|
| | | | 3/15/2021 | | | | | $ | 180,000(1) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||
| | | 3/15/2021 | | | | | $ | — | | | | | | 150,000(3)(7) | | | | | | — | | | | | $ | 34.91 | | | | | $ | 3,047,175(5) | | | | ||||
| | | 6/14/2021 | | | | | $ | — | | | | | | — | | | | | | 37,700(4) | | | | | $ | 23.87 | | | | | $ | 899,899(6) | | | | ||||
| | | 6/14/2021 | | | | | $ | 180,000(8) | | | | | | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | ||||
Maria Fardis, Ph.D.
|
| | | | 1/4/2021 | | | | | $ | 600,000(1) | | | | | | — | | | | | | | | | | | $ | — | | | | | $ | — | | | | ||
| | | 1/4/2021 | | | | | $ | | | | | | | 250,000(3) | | | | | | — | | | | | $ | 46.26 | | | | | $ | 6,729,775(5) | | | | | | ||
Michael Swartzburg
|
| | | | 1/4/2021 | | | | | $ | 95,532(1) | | | | | | 45,000(3) | | | | | | — | | | | | $ | 46.26 | | | | | $ | 1,211,360(5) | | | |
| | | | | | | | |
Option Awards
|
| |
Stock Awards
|
| | ||||||||||||||||||||||||||||||||
| | |
Grant Date and
Vesting Commencement Date(1) |
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date(3) |
| |
Number
of Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(4) |
| | |||||||||||||||||||||||
Frederick G. Vogt, Ph.D., J.D.,
Interim President and Chief Executive Officer, and General Counsel |
| | | | 6/14/2021(2) | | | | | | — | | | | | | 73,900 | | | | | $ | 23.87 | | | | | | 6/14/2031 | | | | | | — | | | | | | — | | | | ||
| | | 6/14/2021 | | | | | | — | | | | | | 100,000 | | | | | $ | 23.87 | | | | | | 6/14/2031 | | | | | | — | | | | | | — | | | | ||||
| | | 1/4/2021 | | | | | | — | | | | | | 175,000 | | | | | $ | 46.26 | | | | | | 1/4/2031 | | | | | | — | | | | | | — | | | | ||||
| | | 1/3/2020 | | | | | | 87,496 | | | | | | 62,504 | | | | | $ | 25.54 | | | | | | 1/3/2030 | | | | | | — | | | | | | — | | | | ||||
| | | 3/4/2019 | | | | | | 183,250 | | | | | | 16,750 | | | | | $ | 11.26 | | | | | | 3/4/2029 | | | | | | — | | | | | | — | | | | ||||
| | | 12/29/2017 | | | | | | 37,400 | | | | | | — | | | | | $ | 8.00 | | | | | | 12/29/2027 | | | | | | — | | | | | | — | | | | ||||
| | | 3/16/2017 | | | | | | 12,600 | | | | | | — | | | | | $ | 7.45 | | | | | | 3/16/2027 | | | | | | — | | | | | | | | | | ||||
| | | 11/14/2016 | | | | | | 200,000 | | | | | | — | | | | | $ | 7.55 | | | | | | 11/14/2026 | | | | | | — | | | | | | — | | | | ||||
Friedrich Graf Finckenstein, M.D.,
Chief Medical Officer |
| | | | 6/14/2021(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 39,380 | | | | | $ | 751,764 | | | | ||
| | | 1/4/2021 | | | | | | — | | | | | | 100,000 | | | | | $ | 46.26 | | | | | | 1/4/2031 | | | | | | — | | | | | | — | | | | ||||
| | | 1/3/2020 | | | | | | 43,748 | | | | | | 31,252 | | | | | $ | 25.54 | | | | | | 1/3/2030 | | | | | | — | | | | | | — | | | | ||||
| | | 7/18/2019 | | | | | | 119,998 | | | | | | 40,002 | | | | | $ | 25.78 | | | | | | 7/18/2029 | | | | | | — | | | | | | — | | | | ||||
Jean-Marc Bellemin,
Chief Financial Officer |
| | | | 6/14/2021(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 37,700 | | | | | $ | 719,693 | | | | ||
| | | 12/14/2020 | | | | | | 49,995 | | | | | | 100,005 | | | | | $ | 50.26 | | | | | | 12/14/2030 | | | | | | — | | | | | | — | | | | ||||
Igor Bilinsky, Ph.D.,
Chief Operating Officer |
| | | | 6/14/2021(2) | | | | | | — | | | | | | | | | | | | — | | | | | | — | | | | | | 37,700 | | | | | $ | 719,693 | | | | | |
| | | 3/15/2021 | | | | | | — | | | | | | 150,000 | | | | | $ | 34.91 | | | | | | 3/15/2031 | | | | | | — | | | | | | — | | | | ||||
Former Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Maria Fardis, Ph.D.,
Former President and Chief Executive Officer(5) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Michael Swartzburg,
Former Vice President, Finance and interim Principal Financial Officer and Principal Accounting Officer (6) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise |
| |
Value
Realized on Exercise ($)(1) |
| |
Number of
Shares Acquired on Vesting |
| |
Value
Realized on Vesting ($)(2) |
| ||||||||||||
Maria Fardis, Ph.D., Former Chief Executive Officer
|
| | | | 1,299,500 | | | | | $ | 16,465,406 | | | | | | — | | | | | $ | — | | |
Michael Swartzburg, Former Vice President, Finance and interim Principal Accounting Officer
|
| | | | 133,773 | | | | | $ | 1,992,887 | | | | | | — | | | | | $ | — | | |
| | |
Change in
Control/ Acceleration and Termination ($) |
| |
Termination
Without Cause ($) |
| |
Termination
Due to Death or Disability ($) |
| |||||||||
Frederick G. Vogt, Ph.D., J.D. | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | 550,000(1) | | | | | | 800,000(5) | | | | | | 300,000(6) | | |
Equity acceleration
|
| | | | 131,153(2) | | | | | | 131,153(2) | | | | | | 131,153(10) | | |
Friedrich Graf Finckenstein, M.D. | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | 235,000(3) | | | | | | 235,000(3) | | | | | | — | | |
Equity acceleration
|
| | | | 751,764(4) | | | | | | — | | | | | | 751,764(10) | | |
Jean-Marc Bellemin
|
| | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | 225,000(3) | | | | | | 225,000(3) | | | | | | — | | |
Equity acceleration
|
| | | | 719,693(4) | | | | | | — | | | | | | 719,693(10) | | |
Igor Bilinsky, Ph.D. | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | 225,000(3) | | | | | | 225,000(3) | | | | | | — | | |
Equity acceleration
|
| | | | 719,693(4) | | | | | | — | | | | | | 719,693(10) | | |
Former Officers | | | | | | | | | | | | | | | | | | | |
Maria Fardis, Ph.D. | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | 1,200,000(7) | | | | | | 1,200,000(7) | | | | | | 600,000(6) | | |
Equity acceleration
|
| | | | 262,305(8) | | | | | | 262,305(9) | | | | | | 262,305(10) | | |
Michael Swartzburg | | | | | | | | | | | | | | | | | | | |
Cash severance
|
| | | | — | | | | | | — | | | | | | — | | |
Equity acceleration
|
| | | | — | | | | | | — | | | | | | 22,958(10) | | |
| | |
2021
|
| |
2020
|
| ||||||
Audit fees:
|
| | | $ | 963,050 | | | | | $ | 537,188 | | |
Audit related fees:
|
| | | $ | — | | | | | $ | — | | |
Tax fees:
|
| | | $ | — | | | | | $ | — | | |
All other fees:
|
| | | $ | — | | | | | $ | — | | |
Total
|
| | | $ | 963,050 | | | | | $ | 537,188 | | |
| | |
Stock Options
|
| | | | | | | |||||||||
Name and Position
|
| |
Weighted Average
Exercise Price ($) |
| |
Number of
Stock Options (#) |
| |
Number of
Restricted Stock Units (#) |
| |||||||||
Frederick G. Vogt, Ph.D., J.D.
|
| | | $ | 35.10 | | | | | | 348,900 | | | | | | — | | |
Friedrich Graf Finckenstein, M.D., Chief Medical Officer
|
| | | $ | 46.26 | | | | | | 100,000 | | | | | | 39,380 | | |
Jean-Marc Bellemin, Chief Financial Officer
|
| | | $ | — | | | | | | — | | | | | | 37,700 | | |
Igor Bilinsky, Ph.D., Chief Operating Officer
|
| | | $ | 34.91 | | | | | | 150,000 | | | | | | 37,700 | | |
Maria Fardis, Ph.D., Former Chief Executive Officer
|
| | | $ | 46.26 | | | | | | 250,000 | | | | | | — | | |
Michael Swartzburg, Former Vice President, Finance and interim
Principal Financial Officer and Principal Accounting Officer |
| | | $ | 46.26 | | | | | | 45,000 | | | | | | — | | |
All Current and Former Executive Officers as a Group
|
| | | $ | 40.00(1) | | | | | | 893,900 | | | | | | 114,780 | | |
All Nonexecutive Directors as a Group
|
| | | $ | 26.33(1) | | | | | | 210,000 | | | | | | — | | |
All Employees as a Group (Including Officers who are not Executive Officers)
|
| | | $ | 39.95(1) | | | | | | 3,915,999 | | | | | | 1,138,760 | | |
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