Filing Details

Accession Number:
0001638599-18-000455
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-05-02 18:05:07
Reporting Period:
2018-04-30
Accepted Time:
2018-05-02 18:05:07
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1060736 Seattle Genetics Inc SGEN Biological Products, (No Disgnostic Substances) (2836) 911874389
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1087939 Julian Baker 860 Washington Street, 3Rd Floor
New York NY 10014
Yes No Yes No
1087940 Felix Baker 860 Washington Street
3Rd Floor
New York NY 10014
Yes No Yes No
1263508 Baker Bros. Advisors Lp 860 Washington Street
3Rd Floor
New York NY 10014
Yes No Yes No
1363364 Baker Brothers Life Sciences Lp 860 Washington Street
3Rd Floor
New York NY 10014
Yes No Yes No
1551139 667, L.p. 860 Washington Street, 3Rd Floor
New York NY 10014
Yes No Yes No
1580575 Baker Bros. Advisors (Gp) Llc 860 Washington Street
3Rd Floor
New York NY 10014
Yes No Yes 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 2018-04-30 154,218 $50.90 44,509,553 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-04-30 248,121 $51.03 44,757,674 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-04-30 52,700 $51.07 44,810,374 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-04-30 168,097 $51.25 44,978,471 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 10,000 $10.08 5,288,174 No 4 M Indirect See footnotes
Common Stock Acquisiton 2018-05-01 10,000 $10.08 44,988,471 No 4 M Indirect See footnotes
Common Stock Acquisiton 2018-05-01 100,000 $51.14 45,088,471 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 72,533 $51.26 45,161,004 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 22,700 $51.30 45,183,704 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 10,500 $51.36 45,194,204 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 57,270 $51.37 45,251,474 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 37,963 $52.06 45,289,437 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-01 5,951 $52.33 45,295,388 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-02 2,000 $51.88 45,297,388 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-02 37,400 $52.33 45,334,788 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-02 21,442 $52.26 45,356,230 No 4 P Indirect See footnotes
Common Stock Acquisiton 2018-05-02 9,105 $54.42 45,365,335 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 M Indirect See footnotes
No 4 M Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
No 4 P Indirect See footnotes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Options (right to buy) Disposition 2018-04-30 10,000 $0.00 10,000 $10.08
Common Stock Non-Qualified Stock Options (right to buy) Disposition 2018-04-30 10,000 $0.00 10,000 $10.08
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2009-05-15 2018-05-16 No 4 M Indirect
0 2009-05-15 2018-05-16 No 4 M Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 107,511 Direct
Common Stock 107,504 Direct
Footnotes
  1. Reflects shares of common stock of Seattle Genetics, Inc. (the "Issuer") held directly by Felix J. Baker.
  2. Reflects shares of common stock of the Issuer held directly by Julian C. Baker.
  3. As a result of their ownership interest in Baker Biotech Capital (GP), LLC, Felix J. Baker and Julian C. Baker may be deemed to have an indirect pecuniary interest in 10,000 shares of Common Stock of the Issuer received upon the exercise of stock options of the Issuer held by 667, L.P. ("667"), a limited partnership of which the sole general partner is Baker Biotech Capital, L.P., a limited partnership of which the sole general partner is Baker Biotech Capital (GP), LLC, due to Baker Biotech Capital, L.P.'s right to receive an allocation of a portion of the profits from 667. The policy of the Funds (defined below) and Baker Bros. Advisors LP (the "Adviser"), does not permit full-time employees or principals of the Adviser to receive compensation for serving as a Director of the Issuer.
  4. The shares of common stock were received upon exercise of 10,000 stock options that were issued to Felix J. Baker in his capacity as a director of the Issuer. Felix J. Baker, pursuant to the policies of the Adviser, does not have any right to the pecuniary interest in the stock options issued for his service on the Board of Directors of the Issuer (the "Board") or the shares of common stock received upon exercise of such stock options. Each of the Funds owns an indirect proportionate pecuniary interest in the shares of common stock received upon exercise of the stock options issued in connection with Felix J. Baker's service on the Board less the exercise cost of those options. Solely as a result of their ownership interest in the general partners of the general partners of the Funds, Felix J. Baker and Julian C. Baker may be deemed to have an indirect pecuniary interest in the shares issued upon exercise of the stock options (i.e. no direct pecuniary interest).
  5. As a result of their ownership interest in Baker Brothers Life Sciences Capital (GP), LLC, Felix J. Baker and Julian C. Baker may be deemed to have an indirect pecuniary interest in 10,000 shares of Common Stock of the Issuer received upon the exercise of stock options of the Issuer held by Baker Brothers Life Sciences, L.P. ("Life Sciences"), a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital, L.P., a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital (GP), LLC, due to Baker Brothers Life Sciences Capital, L.P.'s right to receive an allocation of a portion of the profits from Life Sciences. The policy of the Funds (defined below) and the Adviser, does not permit full-time employees or principals of the Adviser to receive compensation for serving as a Director of the Issuer.
  6. Includes beneficial ownership of 18,100 previously issued restricted stock units payable solely in common shares issued to Felix Baker in his capacity as a director of the Issuer pursuant to the Amended and Restated 2007 Equity Incentive Plan of which the fund may be deemed to own a portion and 50,000 shares, 40,000 of which were received previously, from exercise of 50,000 stock options of the Issuer that were issued to Felix J. Baker in his capacity as a director of the Issuer, of which the fund may be deemed to own a portion.
  7. The Adviser serves as the Investment Adviser to Life Sciences and 667 (collectively the "Funds"). In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held by the Funds. Baker Bros. Advisors (GP) LLC (the "Adviser GP") is the Adviser's sole general partner. Julian C. Baker and Felix J. Baker are principals of the Adviser GP. The Adviser has complete and unlimited discretion and authority with respect to the investment and voting power of the securities held by the Funds. The general partners of the Funds relinquished to the Adviser all discretion and authority with respect to the investment and voting power of the securities held by the Funds.
  8. Julian C. Baker, Felix J. Baker, the Adviser GP and the Adviser disclaim beneficial ownership of the securities held directly by the Funds except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of Julian C. Baker, Felix J. Baker, the Adviser GP or the Adviser is a beneficial owner of such securities for purposes of Section 16 or any other purpose.
  9. These non-qualified stock options are not priced.
  10. The disclosure of the exercise of directors options for shares of common stock reported on this form is a single exercise of 10,000 shares. The 10,000 shares are reported for each of the Funds as each has an indirect pecuniary interest.
  11. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $50.71 to $51.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  12. After giving effect to the transactions reported herein and as a result of their ownership interest in Baker Brothers Life Sciences Capital (GP), LLC, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in the Issuer's shares of Common Stock reported in column 5 of Table I directly held by Life Sciences, a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital, L.P., a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital (GP), LLC, due to Baker Brothers Life Sciences Capital, L.P.'s right to receive an allocation of a portion of the profits from Life Sciences.
  13. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $50.91 to $51.40, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  14. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $50.67 to $51.47, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  15. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.01 to $52.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  16. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.07 to $51.46, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  17. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.10 to $51.72, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  18. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.27 to $51.46, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  19. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.54 to $52.50, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  20. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $52.00 to $52.50, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  21. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.91 to $52.88, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  22. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $51.88 to $52.76, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
  23. The price reported in Column 4 is a weighted average price. These shares were traded in multiple transactions at prices ranging from $54.40 to $54.42, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.