Accession Number: | 0001209191-20-059194 |
Date: | 2020-11-16 |
Issuer: | NOVAVAX INC (NVAX) |
Original Submission Date: |
COVINO GREGORY F
C/O NOVAVAX, INC.
21 FIRSTFIELD ROAD
GAITHERSBURG, MD 20878
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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RESTRICTED STOCK UNITS | 0.0 | 2020-11-16 | deemed execution date | A | 7,300 (a) | common stock 7,300 | $0.00 | 7,300 | direct | |||
STOCK OPTION (RIGHT TO BUY) | 90.65 | 2020-11-16 | deemed execution date | A | 8,200 (a) | 2030-11-16 | common stock 8,200 | $90.65 | 8,200 | direct |
ID | footnote |
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f1 | each restricted stock unit ("rsu") represents a contingent right to receive one share of novavax, inc. (the "company") common stock. |
f2 | one-third (1/3) of the rsus subject to this grant under the company's amended and restated 2015 stock incentive plan, as amended (the "plan"), will vest on each of the first three (3) anniversaries of the november 16, 2020 grant date (the "grant date"), subject to continued employment through each such vesting date. |
f3 | twenty-five percent (25%) of the shares subject to this option grant under the plan will vest on the first anniversary of the grant date, and the remaining seventy-five percent (75%) of the shares will vest in equal monthly installments over the following three (3) years, in each case subject to continued employment through such vesting date. |