Filing Details

Accession Number:
0001209191-13-007122
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-02-07 17:29:18
Reporting Period:
2013-02-05
Filing Date:
2013-02-07
Accepted Time:
2013-02-07 17:29:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
875320 Vertex Pharmaceuticals Inc / Ma VRTX Pharmaceutical Preparations (2834) 043039129
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1242825 M Jeffrey Leiden C/O Vertex Pharmaceuticals Incorporated
130 Waverly St.
Cambridge MA 02139
Ceo & President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-02-05 39,334 $0.01 225,716 No 4 A Direct
Common Stock Disposition 2013-02-06 33,345 $45.83 192,371 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Acquisiton 2013-02-05 177,000 $0.00 177,000 $45.11
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
177,000 2023-02-04 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 293 Indirect 401(k)
Footnotes
  1. Stock grant under 2006 Stock and Option Plan, vesting on 2/5/2017, subject to (i) acceleration of 50% of shares upon (a) receiving filing confirmation for an NDA for a combination regimen that includes both ivacaftor and a corrector compound or (b) receiving filing confirmation for an sNDA that would increase the number of patients with CF eligible for ivacaftor monotherapy, and (ii) acceleration of 50% of shares upon (a) the announcement of proof-of-concept data for a drug candidate other than an HCV, cystic fibrosis, influenza or JAK3 inhibition drug candidate or (b) reaching a specified net sales level over a twelve month period for our CF products.
  2. Transaction made pursuant to Dr. Leiden's company approved trading plan under Rule 10b5-1, established to sell a portion of shares upon vesting to cover tax laibilities.
  3. Open market sales reported on this line occurred at a weighted average price of $45.83 (range $45.57 to $46.08).
  4. Dr. Leiden undertakes to provide (upon request by the SEC staff, the issuer or a security holder of the issuer) full information regarding the number of shares sold at each separate price.
  5. Right to buy under 2006 Stock and Option Plan, vesting in 16 quarterly installments from 02/05/2013.