0001209191-23-046101.txt : 20230816
0001209191-23-046101.hdr.sgml : 20230816
20230816181033
ACCESSION NUMBER: 0001209191-23-046101
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230814
FILED AS OF DATE: 20230816
DATE AS OF CHANGE: 20230816
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Aftab Blake
CENTRAL INDEX KEY: 0001886986
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38359
FILM NUMBER: 231179349
MAIL ADDRESS:
STREET 1: C/O ADICET BIO, INC.
STREET 2: 200 CLARENDON STREET, FLOOR 6
CITY: BOSTON
STATE: MA
ZIP: 02116
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Adicet Bio, Inc.
CENTRAL INDEX KEY: 0001720580
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 813305277
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 BERKELEY STREET
STREET 2: 19TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: 617-482-2333
MAIL ADDRESS:
STREET 1: 200 BERKELEY STREET
STREET 2: 19TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
FORMER COMPANY:
FORMER CONFORMED NAME: resTORbio, Inc.
DATE OF NAME CHANGE: 20171024
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-08-14
0
0001720580
Adicet Bio, Inc.
ACET
0001886986
Aftab Blake
C/O ADICET BIO, INC.
200 BERKELEY STREET, 19TH FLOOR
BOSTON
MA
02116
0
1
0
0
Chief Scientific Officer
0
Stock Option (Right to Buy)
15.93
2023-08-14
4
D
0
50000
0.00
D
2031-04-29
Common Stock
50000
0
D
Stock Option (Right to Buy)
2.14
2023-08-14
4
A
0
50000
0.00
A
2031-04-29
Common Stock
50000
50000
D
Stock Option (Right to Buy)
7.38
2023-08-14
4
D
0
56612
0.00
D
2031-10-11
Common Stock
56612
0
D
Stock Option (Right to Buy)
2.14
2023-08-14
4
A
0
56612
0.00
A
2031-10-11
Common Stock
56612
56612
D
Stock Option (Right to Buy)
15.52
2023-08-14
4
D
0
125000
0.00
D
2032-01-06
Common Stock
125000
0
D
Stock Option (Right to Buy)
2.14
2023-08-14
4
A
0
125000
0.00
A
2032-01-06
Common Stock
125000
125000
D
Stock Option (Right to Buy)
12.18
2023-08-14
4
D
0
60000
0.00
D
2032-05-09
Common Stock
60000
0
D
Stock Option (Right to Buy)
2.14
2023-08-14
4
A
0
60000
0.00
A
2032-05-09
Common Stock
60000
60000
D
Stock Option (Right to Buy)
9.05
2023-08-14
4
D
0
117200
0.00
D
2033-01-23
Common Stock
117200
0
D
Stock Option (Right to Buy)
2.14
2023-08-14
4
A
0
117200
0.00
A
2033-01-23
Common Stock
117200
117200
D
On August 8, 2023, the Issuer's Board of Directors approved an option repricing (the "Repricing"), effective as of August 14, 2023 (the "Effective Date"). All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.
A total of 60,000 shares subject to an employee stock option were granted to the Reporting Person on October 12, 2021, with 25% of the shares subject to this option vested and exercisable on April 5, 2022, and the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date. The Reporting Person previously exercised 3,388 shares subject to this option.
The exercise price of the option is $2.14 per share, representing the fair market value per share of the Issuer's Common Stock on the Effective Date; provided that the repriced option will revert to its original exercise price if, prior to the first anniversary of the Effective Date, (a) the Reporting Person's employment is terminated by the Issuer with cause or by the Reporting Person or (b) the option is exercised.
25% of the shares subject to this option vested and became exercisable on October 12, 2022, with the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
25% of the shares subject to this option vested and became exercisable on January 7, 2023, with the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
25% of the shares subject to this option vested and became exercisable on April 29, 2023, with the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
The shares subject to this option shall vest in forty-eight (48) equal installments on each monthly anniversary following January 24, 2023, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.
/s/ Nick Harvey, Attorney-in-Fact
2023-08-16