SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Hosford David A.

(Last) (First) (Middle)
C/O TARGACEPT, INC.
200 EAST FIRST STREET, SUITE 300

(Street)
WINSTON-SALEM NC 27101

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/26/2012
3. Issuer Name and Ticker or Trading Symbol
TARGACEPT INC [ TRGT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Clin Dvpmt & Reg Affairs
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 600 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (1) 12/18/2017 Common Stock 157 8.51 D
Stock Option (Right to Buy) (2) 12/30/2017 Common Stock 875 8.26 D
Stock Option (Right to Buy) (3) 09/29/2018 Common Stock 1,423 5.81 D
Stock Option (Right to Buy) (4) 01/08/2019 Common Stock 4,250 2.93 D
Stock Option (Right to Buy) (5) 01/18/2020 Common Stock 21,939 20.68 D
Stock Option (Right to Buy) (6) 03/28/2021 Common Stock 25,625 26.05 D
Stock Option (Right to Buy) (7) 05/03/2022 Common Stock 75,000 4.59 D
Explanation of Responses:
1. This option vested in installments and became vested and exercisable in full on September 30, 2011.
2. This option vested in installments and became vested and exercisable in full on December 31, 2011.
3. This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with December 31, 2008.
4. This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with March 31, 2009.
5. This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with March 31, 2010.
6. This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with March 31, 2011.
7. This option vested (vests) in equal installments on the last day of 16 consecutive calendar quarters beginning with June 30, 2012.
Remarks:
/s/ Peter A. Zorn, Attorney-in-Fact for David A. Hosford 08/01/2012
** 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 5 (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.
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