SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ELLISON RUSSELL H

(Last) (First) (Middle)
99 HUDSON STREET
5TH FLOOR

(Street)
NEW YORK NY US 10013

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ASSEMBLY BIOSCIENCES, INC. [ VTUS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 23,200(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $7.25(1) 07/10/2014 A 741,800(1) (2) 07/10/2024 Common Stock 741,800(1) $0(3) 741,800(1) D
Stock Options (right to buy) $19.05(1) 07/10/2014 D 79,100(1) (4) 01/15/2024 Common Stock 79,100(1) $0(3) 0 D
Restricted Stock Units (7) 07/10/2014 D 40,000(1) (8) 06/30/2016 Common Stock 40,000(1) $0(3) 0 D
Phantom Stock (9)(10) 07/10/2014 D 10,000(1) (11) (11) Common Stock 10,000(1) $0(3)(9) 0 D
Stock Options (right to buy) $40.5(1) 07/10/2014 D 12,000(1) (5) 01/15/2022 Common Stock 12,000(1) $0(3) 0 D
Stock Options (right to buy) $30(1) 07/10/2014 D 114,719(1) (6) 12/22/2020 Common Stock 114,719(1) $0(3) 0 D
Warrants (right to buy) $38.45(1) 11/08/2007 11/08/2014 Common Stock 1,613(1) 1,613(1) D
Explanation of Responses:
1. Adjusted to reflect the 1-for-5 reverse stock split that occurred on July 11, 2014.
2. The options vest 1/3 on 7/11/2014, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 7/11/2014.
3. This award was canceled by mutual agreement of the reporting person and the Company in consideration of options granted on July 10, 2014.
4. The options vest 1/3 on 1/15/2015, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 1/15/2015.
5. The options vested 1/3 on 1/15/2013, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 1/15/2013.
6. The options vested 1/3 on 12/22/2010, and the remaining 2/3 will vest in equal installments on the first and second anniversaries after 12/22/2010.
7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
8. The restricted stock units vest in four equal amounts (25% each) as follows: 25% on the date of grant and 25% when the 20 trading day volume weighted average price of the Issuer's common stock equals or exceeds $20,75, $27.75 and $30.75. The unvested restricted stock units expire on June 30, 2016 if a vesting threshold has not been met by that date.
9. Upon the immediate vesting on April 5, 2013 of 10,000 restricted stock units granted to the reporting person on April 5, 2013, the reporting person elected to defer the receipt of those 10,000 shares of common stock, resulting in the accrual to his phantom stock account of 10,000 shares of phantom stock.
10. Each share of phantom stock represents the right to receive one share of the Issuer's common stock.
11. The phantom stock becomes payable on the earliest to occur of (a) termination of employment, (b) a change in control of the Issuer, or (c) April 1, 2015.
/s/ Alexander M. Donaldson, by Power of Attorney 07/14/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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