Barry D. Quart - Jan 13, 2022 Form 4 Insider Report for HERON THERAPEUTICS, INC. /DE/ (HRTX)

Role
Chief Executive Officer, Director
Signature
/s/ Lisa Peraza Attorney-in-fact for Barry D. Quart
Stock symbol
HRTX
Transactions as of
Jan 13, 2022
Transactions value $
-$43,318
Form type
4
Date filed
1/14/2022, 04:08 PM
Previous filing
Oct 15, 2021
Next filing
Apr 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRTX Common Stock Options Exercise +3.65K +3.57% 106K Jan 13, 2022 Direct F1
transaction HRTX Common Stock Options Exercise +16.1K +15.25% 122K Jan 13, 2022 Direct F1
transaction HRTX Common Stock Tax liability -$43.3K -5.22K -4.28% $8.30* 117K Jan 13, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HRTX Restricted Stock Units Options Exercise $0 -3.65K -8.33% $0.00 40.1K Jan 13, 2022 Common Stock 3.65K Direct F1, F3
transaction HRTX Restricted Stock Units Options Exercise $0 -16.1K -8.25% $0.00 179K Jan 13, 2022 Common Stock 16.1K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents the withholding by the Company of certain of the vested shares of restricted stock to satisfy the minimum statutory tax obligations applicable to such transactions.
F3 The restricted stock units vest in 16 equal quarterly installments beginning one quarter after the date of grant (10/13/2020).
F4 The restricted stock units vest quarterly with 33% of the shares vesting during the first year, 33% of the shares vesting during the second year, 22% of the shares vesting during the third year and the remaining 12% of the shares vesting during the fourth year, such that all shares will be fully vested on the four year anniversary of the date of grant.