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Filing Details

Accession Number:: 0001104659-21-153685
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-27 20:58:07
Reporting Period:: 2021-12-22

Accepted Time:: 2021-12-27 20:58:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1410939	Iveric Bio Inc.	ISEE	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1277478	Glenn Sblendorio	C/O Iveric Bio, Inc. 5 Penn Plaza, Suite 2372 New York, NY 10001	Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-12-22	22,163	$1.45	361,296	No	4	M	Direct
Common Stock	Disposition	2021-12-22	22,163	$16.50	339,133	No	4	S	Direct
Common Stock	Acquisiton	2021-12-23	22,608	$1.45	361,741	No	4	M	Direct
Common Stock	Acquisiton	2021-12-23	8,476	$2.94	370,217	No	4	M	Direct
Common Stock	Disposition	2021-12-23	31,084	$16.96	339,133	No	4	S	Direct
Common Stock	Disposition	2021-12-23	20,000	$0.00	319,133	No	4	G	Direct
Common Stock	Disposition	2021-12-23	20,000	$0.00	299,133	No	4	G	Direct
Common Stock	Disposition	2021-12-23	20,000	$0.00	279,133	No	4	G	Direct
Common Stock	Acquisiton	2021-12-27	5,229	$1.45	284,362	No	4	M	Direct
Common Stock	Disposition	2021-12-27	5,229	$16.64	279,133	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	G	Direct
No	4	G	Direct
No	4	G	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2021-12-22	22,163	$0.00	22,163	$1.45
Common Stock	Stock Option (Right to Buy)	Disposition	2021-12-23	22,608	$0.00	22,608	$1.45
Common Stock	Stock Option (Right to Buy)	Disposition	2021-12-23	8,476	$0.00	8,476	$2.94
Common Stock	Stock Option (Right to Buy)	Disposition	2021-12-27	5,229	$0.00	5,229	$1.45

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
161,337	2028-12-11	No	4	M	Direct
138,729	2028-12-11	No	4	M	Direct
391,524	2027-12-18	No	4	M	Direct
133,500	2028-12-11	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	20,000	Indirect	By trust for family member 1
Common Stock	20,000	Indirect	By trust for family member 2
Common Stock	20,000	Indirect	By trust for family member 3

Footnotes

The exercises and sales reported on this form were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 11, 2021, as previously disclosed in the Registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, as filed with the Securities and Exchange Commission on November 9, 2021.
The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $16.50 to $16.60 per share on December 22, 2021. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $16.50 to $17.09 per share on December 23, 2021. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
On December 23, 2021, the Reporting Person gifted a total of 60,000 shares of Registrant's common stock to three trusts of which the Reporting Person's immediate family members are the sole trustees and sole beneficiaries.
The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The sale price of the Reporting Person's shares represents the weighted average price of all shares sold by a broker in multiple transactions effected at prices ranging from $16.50 to $16.85 per share on December 27, 2021. The Reporting Person undertakes to provide upon request by the staff of the Securities Exchange Commission, the Registrant or a security holder of the Registrant, information regarding the number of shares sold at each price within the range.
This option was granted on December 12, 2018 and vests as follows: (1) no shares underlying the option shall vest unless, for a period of twenty consecutive trading days, the average closing sale price of the Registrant's common stock is equal to or exceeds 125% of the exercise price per share of such option (the "Performance Condition"), (2) subject to satisfaction of the Performance Condition, the option shall vest with respect to 25% of the shares subject to the option on the first anniversary of the grant date and with respect to the remaining shares in approximately equal monthly installments through the fourth anniversary of the grant date, and (3) such stock options shall be subject to "double-trigger" acceleration of vesting upon termination of employment following a change of control in the Registrant.
This option was granted on December 19, 2017 and vests with respect to 25% of the shares subject to the option on the first anniversary of the grant date and with respect to the remaining shares in approximately equal monthly installments through the fourth anniversary of the grant date.