John A. Orwin - Jun 13, 2022 Form 4 Insider Report for Atreca, Inc. (BCEL)

Role
President & CEO, Director
Signature
/s/ Herbert Cross, attorney-in-fact
Stock symbol
BCEL
Transactions as of
Jun 13, 2022
Transactions value $
$0
Form type
4
Date filed
6/15/2022, 07:15 PM
Previous filing
May 17, 2022
Next filing
Sep 20, 2022

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 BCEL Employee stock option (right to buy) Award +260K 260K Jun 13, 2022 Class A Common Stock 260K $1.85 Direct F1, F2
transaction BCEL Employee stock option (right to buy) Disposed to Issuer $0 -260K -100% $0.00* 0 Jun 13, 2022 Class A Common Stock 260K $13.97 Direct F1
transaction BCEL Employee stock option (right to buy) Award +241K 241K Jun 13, 2022 Class A Common Stock 241K $1.85 Direct F2, F3
transaction BCEL Employee stock option (right to buy) Disposed to Issuer $0 -241K -100% $0.00* 0 Jun 13, 2022 Class A Common Stock 241K $22.07 Direct F3
transaction BCEL Employee stock option (right to buy) Award +149K 149K Jun 13, 2022 Class A Common Stock 149K $1.85 Direct F2, F4
transaction BCEL Employee stock option (right to buy) Disposed to Issuer $0 -149K -100% $0.00* 0 Jun 13, 2022 Class A Common Stock 149K $10.02 Direct F4
transaction BCEL Employee stock option (right to buy) Award +59K 59K Jun 13, 2022 Class A Common Stock 59K $1.85 Direct F2, F5
transaction BCEL Employee stock option (right to buy) Disposed to Issuer $0 -59K -100% $0.00* 0 Jun 13, 2022 Class A Common Stock 59K $10.02 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/48 of the Option vests in equal monthly installments as measured from 1/1/2021. If applicable, vesting accelerates as provided in, and subject to the terms and conditions of, that certain Executive Employment Agreement between the Issuer and the Reporting Person, as may be amended from time to time.
F2 The transactions reported herein reflect a one-time stock option repricing effective on June 13, 2022 (the "Option Repricing"). The Option Repricing applies to options with exercise prices greater than or equal to $9.00 per share held by all employees of the Issuer as of June 13, 2022. Pursuant to the Option Repricing, the exercise price of the repriced options, including the Option, has been amended to reduce the exercise price to $1.845 per share, the closing price of the Issuer's Class A common stock on the Nasdaq Global Select Market as of the date of the Option Repricing. There have been no other changes to the terms of the repriced options, including the Option. The Option Repricing does not apply to options held by non-employee directors of the Issuer.
F3 1/48 of the Option vests in equal monthly installments as measured from 1/1/2020. If applicable, vesting accelerates as provided in, and subject to the terms and conditions of, that certain Executive Employment Agreement between the Issuer and the Reporting Person, as may be amended from time to time.
F4 1/48 of the Option vests in equal monthly installments as measured from 10/1/2018. If applicable, vesting accelerates as provided in, and subject to the terms and conditions of, that certain Executive Employment Agreement between the Issuer and the Reporting Person, as may be amended from time to time.
F5 1/48 of the Option vests in equal monthly installments as measured from 11/15/2018. If applicable, vesting accelerates as provided in, and subject to the terms and conditions of, that certain Executive Employment Agreement between the Issuer and the Reporting Person, as may be amended from time to time.