Statement of Changes in Beneficial Ownership (4)
05 October 2022 - 07:39AM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person *
Schlessinger Sam |
2. Issuer Name and Ticker or Trading
Symbol Assertio Holdings, Inc. [ ASRT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
SVP, General Counsel |
(Last)
(First)
(Middle)
ASSERTIO HOLDINGS, INC., 100 SOUTH SANDERS ROAD, SUITE
300 |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/1/2022
|
(Street)
LAKE FORREST, IL 60045
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
10/1/2022 |
|
M |
|
19404 |
A |
$0 |
40802 |
D |
|
Common Stock |
10/1/2022 |
|
F |
|
7205 (1) |
D |
$0 |
33597 |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 of Derivative Security: 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 |
Restricted Stock Units |
$0.0 (2) |
10/1/2022 |
|
M |
|
|
19404 |
(3) |
10/1/2024 |
Common Stock |
19404.0 |
$0 (4) |
38808 |
D |
|
Explanation of
Responses: |
(1) |
Represents shares of common
stock withheld for payment of taxes upon the vesting of restricted
stock units. |
(2) |
Each restricted stock unit
represents the contingent right to receive one share of common
stock. This transaction represents the settlement of vested
restricted stock units in shares of common stock. |
(3) |
One-third of these
restricted stock units are scheduled to vest on each of October 1,
2022, 2023, and 2024, assuming continued employment through the
applicable vesting date. |
(4) |
The derivative securities
were granted to the reporting person, and were not sold to the
reporting person. As such, the reporting person did not pay any
consideration for the derivative securities. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Schlessinger Sam
ASSERTIO HOLDINGS, INC.
100 SOUTH SANDERS ROAD, SUITE 300
LAKE FORREST, IL 60045 |
|
|
SVP, General Counsel |
|
Signatures
|
/s/ Sam Schlessinger |
|
10/4/2022 |
**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). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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