Form Type: 4

SEC EDGAR Link
Accession Number:0001562180-22-007074
Date:2022-10-03
Issuer: BIOHAVEN LTD. (BHVN)
Original Submission Date:

Reporting Person:

CORIC VLAD
C/O BIOHAVEN LTD.
215 CHURCH STREET NEW HAVEN, CT 06510

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON SHARES 2022-10-03 J 461,470 a $0.00 461,470 direct
COMMON SHARES 2022-10-03 J 52,975 a $0.00 514,445 direct
COMMON SHARES 2022-10-03 J 6,668 a $0.00 521,113 direct
COMMON SHARES 2022-10-03 J 6,666 a $0.00 527,779 direct
COMMON SHARES 2022-10-03 J 2,222 a $0.00 530,001 direct
COMMON SHARES 2022-10-03 J 2,222 a $0.00 532,223 direct
COMMON SHARES 2022-10-03 J 2,222 a $0.00 534,445 direct
COMMON SHARES 2022-10-03 J 15,000 a $0.00 549,445 direct
COMMON SHARES 2022-10-03 J 12,500 a $0.00 561,945 direct
COMMON SHARES 2022-10-03 J 5,475 a $0.00 567,420 direct
COMMON SHARES 2022-10-03 M 387 a $6.37 567,807 direct
COMMON SHARES 2022-10-03 M 34,612 a $6.37 602,419 direct
COMMON SHARES 2022-10-03 M 1,199 a $4.13 603,618 direct
COMMON SHARES 2022-10-03 M 48,801 a $4.13 652,419 direct
COMMON SHARES 2022-10-03 M 43,750 a $2.84 696,169 direct
COMMON SHARES 2022-10-03 M 98,458 a $1.61 794,627 direct
COMMON SHARES 2022-10-03 M 1,542 a $1.61 796,169 direct
COMMON SHARES 2022-10-03 M 9,620 a $1.03 805,789 direct
COMMON SHARES 2022-10-03 M 90,380 a $1.03 896,169 direct
COMMON SHARES 2022-10-03 M 20,000 a $0.54 916,169 direct
COMMON SHARES 2022-10-03 M 25,000 a $0.46 941,169 direct
COMMON SHARES 2022-10-03 M 50,000 a $0.28 991,169 direct
COMMON SHARES 2022-10-03 M 37,500 a $0.28 1,028,669 direct
COMMON SHARES 2022-10-03 M 125,000 a $0.04 1,153,669 direct
COMMON SHARES 2022-10-03 F 115,940 d $7.50 1,037,729 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
STOCK OPTIONS (RIGHT TO BUY) 6.37 2022-10-03 deemed execution date J 387 (a) 2032-01-07 common shares 387 $6.37 387 direct
STOCK OPTIONS (RIGHT TO BUY) 6.37 2022-10-03 deemed execution date J 34,612 (a) 2032-01-07 common shares 34,612 $6.37 34,612 direct
STOCK OPTIONS (RIGHT TO BUY) 4.13 2022-10-03 deemed execution date J 1,199 (a) 2031-01-06 common shares 1,199 $4.13 1,199 direct
STOCK OPTIONS (RIGHT TO BUY) 4.13 2022-10-03 deemed execution date J 48,801 (a) 2031-01-06 common shares 48,801 $4.13 48,801 direct
STOCK OPTIONS (RIGHT TO BUY) 2.84 2022-10-03 deemed execution date J 43,750 (a) 2029-11-25 common shares 43,750 $2.84 43,750 direct
STOCK OPTIONS (RIGHT TO BUY) 1.61 2022-10-03 deemed execution date J 98,458 (a) 2028-11-20 common shares 98,458 $1.61 98,458 direct
STOCK OPTIONS (RIGHT TO BUY) 1.61 2022-10-03 deemed execution date J 1,542 (a) 2028-11-20 common shares 1,542 $1.61 1,542 direct
STOCK OPTIONS (RIGHT TO BUY) 1.03 2022-10-03 deemed execution date J 9,620 (a) 2027-12-06 common shares 9,620 $1.03 9,620 direct
STOCK OPTIONS (RIGHT TO BUY) 1.03 2022-10-03 deemed execution date J 90,380 (a) 2027-12-06 common shares 90,380 $1.03 90,380 direct
STOCK OPTIONS (RIGHT TO BUY) 0.54 2022-10-03 deemed execution date J 20,000 (a) 2027-04-05 common shares 20,000 $0.54 20,000 direct
STOCK OPTIONS (RIGHT TO BUY) 0.46 2022-10-03 deemed execution date J 25,000 (a) 2026-12-14 common shares 25,000 $0.46 25,000 direct
STOCK OPTIONS (RIGHT TO BUY) 0.28 2022-10-03 deemed execution date J 50,000 (a) 2025-10-22 common shares 50,000 $0.28 50,000 direct
STOCK OPTIONS (RIGHT TO BUY) 0.28 2022-10-03 deemed execution date J 37,500 (a) 2025-10-22 common shares 37,500 $0.28 37,500 direct
STOCK OPTIONS (RIGHT TO BUY) 0.04 2022-10-03 deemed execution date J 125,000 (a) 2024-11-25 common shares 125,000 $0.04 125,000 direct
STOCK OPTIONS (RIGHT TO BUY) 6.37 2022-10-03 deemed execution date M 387 (d) 2032-01-07 common shares 387 $6.37 0 direct
STOCK OPTIONS (RIGHT TO BUY) 6.37 2022-10-03 deemed execution date M 34,612 (d) 2032-01-07 common shares 34,612 $6.37 0 direct
STOCK OPTIONS (RIGHT TO BUY) 4.13 2022-10-03 deemed execution date M 1,199 (d) 2031-01-06 common shares 1,199 $4.13 0 direct
STOCK OPTIONS (RIGHT TO BUY) 4.13 2022-10-03 deemed execution date M 48,801 (d) 2031-01-06 common shares 48,801 $4.13 0 direct
STOCK OPTIONS (RIGHT TO BUY) 2.84 2022-10-03 deemed execution date M 43,750 (d) 2029-11-25 common shares 43,750 $2.84 0 direct
STOCK OPTIONS (RIGHT TO BUY) 1.61 2022-10-03 deemed execution date M 98,458 (d) 2028-11-20 common shares 98,458 $1.61 0 direct
STOCK OPTIONS (RIGHT TO BUY) 1.61 2022-10-03 deemed execution date M 1,542 (d) 2028-11-20 common shares 1,542 $1.61 0 direct
STOCK OPTIONS (RIGHT TO BUY) 1.03 2022-10-03 deemed execution date M 9,620 (d) 2027-12-06 common shares 9,620 $1.03 0 direct
STOCK OPTIONS (RIGHT TO BUY) 1.03 2022-10-03 deemed execution date M 90,380 (d) 2027-12-06 common shares 90,380 $1.03 0 direct
STOCK OPTION (RIGHT TO BUY) 0.54 2022-10-03 deemed execution date M 20,000 (d) 2027-04-05 common shares 20,000 $0.54 0 direct
STOCK OPTION (RIGHT TO BUY) 0.46 2022-10-03 deemed execution date M 25,000 (d) 2026-12-14 common shares 25,000 $0.46 0 direct
STOCK OPTION (RIGHT TO BUY) 0.28 2022-10-03 deemed execution date M 50,000 (d) 2025-10-22 common shares 50,000 $0.28 0 direct
STOCK OPTION (RIGHT TO BUY) 0.28 2022-10-03 deemed execution date M 37,500 (d) 2025-10-22 common shares 37,500 $0.28 0 direct
STOCK OPTION (RIGHT TO BUY) 0.04 2022-10-03 deemed execution date M 125,000 (d) 2024-11-25 common shares 125,000 $0.04 0 direct
STOCK OPTION (RIGHT TO BUY) 7.0 2022-10-03 deemed execution date A 950,000 (a) 2032-10-04 common shares 950,000 $7.00 950,000 direct
Footnotes
IDfootnote
f1 represents common shares of the issuer ("common shares") acquired by the reporting person in a pro rata distribution by biohaven pharmaceutical holding company ltd.. ("remainco") to holders of its common shares (the "distribution") pursuant to the separation and distribution agreement (the "separation agreement"), dated as of may 9, 2022, by and among remainco, the issuer, and pfizer inc. ("pfizer").
f2 effective as of the distribution, each outstanding restricted share unit of remainco was adjusted so that such restricted share unit became a restricted share unit in respect of common shares (each, an "issuer rsu") and a restricted share unit in respect of remainco common shares. as a result, the reporting person acquired restricted share units in respect of common shares in an amount determined in accordance with the separation agreement. at the effective time of the merger of a wholly owned subsidiary of pfizer ("merger sub") with and into remainco pursuant to the agreement and plan of merger, dated as of may 9, 2022, by and among remainco, pfizer and merger sub, the issuer rsus accelerated and vested in full and will subsequently be settled in common shares.
f3 these shares were withheld by the issuer in connection with share settlement to cover the cost of the stock options.
f4 effective as of the distribution, each outstanding option to purchase common shares of remainco was adjusted so that such option became an option to acquire common shares and an option to acquire remainco common shares. as a result, the reporting person acquired options to acquire the issuer's common shares in an amount determined in accordance with the separation agreement.
f5 the shares underlying this option vest in four equal installments on october 3, 2022, 2023, 2024, and 2025, subject to the reporting person's continuous service with the issuer at each vesting date.
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