Baker Julian's Form 4 filing
Acadia Pharmaceuticals Inc (ACAD) · filed May 24, 2023
- Accession no.
- 0001209191-23-031917
- Filed
- May 24, 2023, 5:09 PM ET
- Trade date
- May 22-24, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 16 non-derivative transactions and 2 derivative transactions. Open-market purchases total $22.7M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Baker JulianCIK 0001087939 | Director, 10% Owner |
| Baker FelixCIK 0001087940 | Director, 10% Owner |
| Baker Bros. Advisors LPCIK 0001263508 | Director, 10% Owner |
| Baker Brothers Life Sciences LPCIK 0001363364 | Director, 10% Owner |
| 667, L.P.CIK 0001551139 | Director, 10% Owner |
| Baker Bros. Advisors (GP) LLCCIK 0001580575 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 22, 2023 | Common Stock | PPurchaseAcquired | +7,645 | $24.46F3 | +$186,999.76 | 3,529,258 | Indirect | |
| May 22, 2023 | Common Stock | PPurchaseAcquired | +82,148 | $24.46F3 | +$2,009,372.94 | 38,567,129 | Indirect | |
| May 22, 2023 | Common Stock | PPurchaseAcquired | +3,781 | $24.80 | +$93,768.8 | 3,533,039 | Indirect | |
| May 22, 2023 | Common Stock | PPurchaseAcquired | +40,632 | $24.80 | +$1,007,673.6 | 38,607,761 | Indirect | |
| May 23, 2023 | Common Stock | MOption exerciseAcquired | +12,500 | $17.01 | +$212,625 | 3,545,539 | Indirect | |
| May 23, 2023 | Common Stock | MOption exerciseAcquired | +12,500 | $17.01 | +$212,625 | 38,620,261 | Indirect | |
| May 23, 2023 | Common Stock | PPurchaseAcquired | +10,858 | $25.33F13 | +$275,035.31 | 3,556,397 | Indirect | |
| May 23, 2023 | Common Stock | PPurchaseAcquired | +116,672 | $25.33F13 | +$2,955,325.09 | 38,736,933 | Indirect | |
| May 23, 2023 | Common Stock | PPurchaseAcquired | +6,941 | $25.54 | +$177,273.14 | 3,563,338 | Indirect | |
| May 23, 2023 | Common Stock | PPurchaseAcquired | +74,582 | $25.54 | +$1,904,824.28 | 38,811,515 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +20,304 | $25.27F14 | +$513,128.78 | 3,583,642 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +218,171 | $25.27F14 | +$5,513,682.96 | 39,029,686 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +2,688 | $25.51F15 | +$68,581.09 | 3,586,330 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +28,878 | $25.51F15 | +$736,787.52 | 39,058,564 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +24,113 | $25.65 | +$618,498.45 | 3,610,443 | Indirect | |
| May 24, 2023 | Common Stock | PPurchaseAcquired | +259,109 | $25.65 | +$6,646,145.85 | 39,317,673 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 23, 2023 | Common Stock | MOption exerciseDisposed | −12,500 | $0.00 | $0 | 0 | Indirect | |
| May 23, 2023 | Common Stock | MOption exerciseDisposed | −12,500 | $0.00 | $0 | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
The price reported in Column 4 is a weighted average price. These shares were traded by 667, L.P. ("667") and Baker Brothers Life Sciences, L.P. ("Life Sciences", and together with 667, the "Funds") in multiple transactions at prices ranging from $24.27 to $24.80, 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 (the "Staff"), upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F13
The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $24.76 to $25.65, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F14
The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $25.09 to $25.65, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
- F15
The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $25.08 to $25.64, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
Referenced by the price of 2 transactions in Table I.
Remarks
Julian C. Baker, a managing member of Baker Bros. Advisors (GP) LLC, the sole general partner of Baker Bros. Advisors LP, and Dr. Stephen R. Biggar, a full-time employee of Baker Bros. Advisors LP are directors of ACADIA Pharmaceuticals Inc. (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons other than Julian C. Baker and Dr. Biggar are deemed directors by deputization by virtue of their representation on the board of directors of the Issuer.