Filing Details

Accession Number:
0001209191-14-008352
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-02-07 16:04:00
Reporting Period:
2014-02-05
Filing Date:
2014-02-07
Accepted Time:
2014-02-07 16:04:00
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
1453943 Thomas Connolly C/O Vertex Pharmaceuticals Incorporated
50 Northern Avenue
Boston MA 02210
Svp, Human Resources No 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 2014-02-05 11,875 $0.01 15,647 No 4 A Direct
Common Stock Acquisiton 2014-02-05 938 $45.11 16,585 No 4 M Direct
Common Stock Disposition 2014-02-05 200 $76.82 16,385 No 4 S Direct
Common Stock Disposition 2014-02-05 738 $77.83 15,647 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 M Direct
No 4 S 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 2014-02-05 62,750 $0.00 62,750 $77.31
Common Stock Employee Stock Option (right to buy) Disposition 2014-02-05 938 $0.00 938 $45.11
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
62,750 2024-02-04 No 4 A Direct
11,250 2023-02-04 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 150 Indirect 401(k)
Footnotes
  1. Stock grant under 2006 Stock and Option Plan, vesting on 2/5/2018, subject to (i) acceleration of 50% of shares upon (a) reaching a specified net product sales level over a one-year period for a combination regimen that includes ivacaftor and a CFTR corrector or (b) dosing of the first patient in the first clinical trial to evaluate a second-generation CFTR corrector compound and (ii) acceleration of 50% of shares upon (a) dosing of the first patient in a pivotal trial for a regimen including VX-661 or a specified cancer compound or (b) reaching a specified net product sales level over a one-year period for all our products.
  2. Transaction made pursuant to Mr. Connolly's company approved trading plan under Rule 10b5-1.
  3. Open market sales reported on this line occurred at a weighted average price of $76.82 (range $76.49 to $77.14).
  4. Mr. Connolly 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. Open market sales reported on this line occurred at a weighted average price of $77.83 (range $77.47 to $78.13).
  6. The option vests in 16 quarterly installments from 02/05/2014.
  7. The option vests in 16 quarterly installments from 02/05/2013.