0000899243-20-011330.txt : 20200427
0000899243-20-011330.hdr.sgml : 20200427
20200427062523
ACCESSION NUMBER: 0000899243-20-011330
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200415
FILED AS OF DATE: 20200427
DATE AS OF CHANGE: 20200427
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Banks Jerel A.
CENTRAL INDEX KEY: 0001808930
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39267
FILM NUMBER: 20817132
MAIL ADDRESS:
STREET 1: LEVEL 14, 114 WILLIAM ST
CITY: MELBOURNE, VIC
STATE: C3
ZIP: 3000
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Benitec Biopharma Inc.
CENTRAL INDEX KEY: 0001808898
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: LEVEL 14, 114 WILLIAM ST
CITY: MELBOURNE, VIC
STATE: C3
ZIP: 3000
BUSINESS PHONE: 61(0)3 8692-7222
MAIL ADDRESS:
STREET 1: LEVEL 14, 114 WILLIAM ST
CITY: MELBOURNE, VIC
STATE: C3
ZIP: 3000
3
1
doc3.xml
FORM 3 SUBMISSION
X0206
3
2020-04-15
0
0001808898
Benitec Biopharma Inc.
BNTC
0001808930
Banks Jerel A.
C/O BENITEC BIOPHARMA INC.
3940 TRUST WAY
HAYWARD
CA
94545
1
1
0
0
Chief Executive Officer
Options (right to buy)
108.00
2023-06-26
Common Stock
33333
D
These options were originally granted for exercise of ordinary shares of Benitec Biopharma Limited (predecessor to Issuer). Pursuant to a scheme of arrangement (the "Scheme") completed on April 15, 2020, all ordinary shares of Benitec Biopharma Limited were exchanged for shares of common stock in Issuer and no ordinary shares of Benitec Biopharma Limited remain outstanding.
These options were granted to the Reporting Person on June 25, 2018, by Benitec Biopharma Limited. 1/3 of the options are fully vested, 1/3 will vest two years from the grant date on June 26, 2020, and 1/3 will vest three years from the grant date on June 26, 2021.
These options were originally granted for exercise of 10,000,000 underlying shares of Benitec Biopharma Limited's ordinary shares. Pursuant to the Scheme referenced in footnote 1, on April 15, 2020, all ordinary shares in Benitec Biopharma Limited were exchanged for shares of common stock in Issuer at an exchange rate of 300 ordinary shares for one share of common stock (the "Exchange Ratio"). As a result, the shares of common stock in Issuer now underlying these options is 33,333.
Representing the exercise price to purchase one share of common stock of Issuer, calculated based on the certified exchange rate for April 15, 2020, as published by the Federal Reserve Board of the United States, of AUD 0.6328 to USD 1.00. These options were originally granted with an exercise price of AUD 0.2278 per option to purchase an ordinary share in Benitec Biopharma Limited. Following the completion of the Scheme, the exercise price for one share of common stock of Issuer shall therefore be AUD 68.34, or USD 108.00 based on the aforementioned exchange rate, which equals to AUD 0.2278 multiplied by the Exchange Ratio referenced in footnote 3.
/s/ Jerel Banks
2020-04-27