Filing Details

Accession Number:
0000899243-20-023198
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-21 16:15:47
Reporting Period:
2020-08-19
Accepted Time:
2020-08-21 16:15:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1580063 Progenity Inc. PROG () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1329344 Harry Stylli C/O Progenity, Inc.
4330 La Jolla Village Drive, Suite 200
San Diego CA 92122
Chairman & Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-08-19 10,000 $8.94 14,463,969 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Acquisiton 2020-02-05 478,148 $0.00 478,148 $9.76
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
478,148 2030-02-05 No 4 A Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.87 to $8.96 inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range.
  2. Includes 239,074 restricted stock units ("RSUs"), 24,900 of which have vested as of June 18, 2020. Subject to the Reporting Person's continued service to the Issuer, all unvested RSUs will vest in semi-annual installments beginning on February 15, 2021 and ending on August 15, 2024. The Reporting Person's Form 3 filed on June 18, 2020 (the "Form 3") reported a vested amount of 19,922 and a final vesting date of February 15, 2024 in error.
  3. This option represents the right to purchase a total of 478,148 shares of the Issuer's common stock, 49,805 of which have vested as of June 18, 2020, with the remaining shares vesting in equal monthly installments through January 15, 2024, subject to the Reporting Person's continued service to the Issuer. The Form 3 reported a vesting schedule of one quarter vesting on February 5, 2021, with the remaining three quarters vesting in equal monthly installments for the following three years, in error.