Statement of Changes in Beneficial Ownership (4)
October 02 2020 - 6:01PM
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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3235-0287
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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
*
BENZENO SHARON |
2. Issuer Name and Ticker or Trading Symbol
Adaptive Biotechnologies Corp
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ADPT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Business Development Off |
(Last)
(First)
(Middle)
C/O ADAPTIVE BIOTECHNOLOGIES CORP., SUITE 200 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/1/2020 |
(Street)
SEATTLE, WA 98102
(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 | 10/1/2020 | | M(1) | | 2604 | A | $6.55 | 2604 | D | |
Common Stock | 10/1/2020 | | M(1) | | 2605 | A | $6.55 | 5209 | D | |
Common Stock | 10/1/2020 | | M(1) | | 1562 | A | $7.27 | 6771 | D | |
Common Stock | 10/1/2020 | | S(1) | | 5878 | D | $48.46 (2) | 893 | D | |
Common Stock | 10/1/2020 | | S(1) | | 893 | D | $49.26 (3) | 0 | 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 |
Stock Option (Right to Buy) | $6.55 | 10/1/2020 | | M (1) | | | 2604 | (4) | 2/7/2028 | Common Stock | 2604 | $0.00 | 33855 | D | |
Stock Option (Right to Buy) | $6.55 | 10/1/2020 | | M (1) | | | 2605 | (5) | 10/1/2028 | Common Stock | 2605 | $0.00 | 62500 | D | |
Common Stock (Right to Buy) | $7.27 | 10/1/2020 | | M (1) | | | 1562 | (6) | 2/7/2029 | Common Stock | 1562 | $0.00 | 42188 | D | |
Explanation of Responses: |
(1) | The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2020. |
(2) | The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $48.12 to 49.00, inclusive. The reporting person undertakes to provide to Adaptive Biotechnologies Corporation, any security holder of Adaptive Biotechnologies Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in any footnotes to this Form 4. |
(3) | The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $49.15 to 49.34, inclusive. |
(4) | The options vested with respect to 1/4 of such shares on November 1, 2018, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested. |
(5) | The options vested with respect to 1/4 of such shares on October 1, 2019, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested. |
(6) | The options vested with respect to 1/4 of such shares on January 1, 2020, with 1/48 of such shares vesting thereafter at the end of each full month of continuous service until fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
BENZENO SHARON C/O ADAPTIVE BIOTECHNOLOGIES CORP. SUITE 200 SEATTLE, WA 98102 |
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| Chief Business Development Off |
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Signatures
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/s/ Sharon Benzeno by Eric Billings, Attorney in Fact | | 10/2/2020 |
**Signature of Reporting Person | Date |
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