| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
VERENIUM CORP [ VRNM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/12/2009 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 Option (Right to Buy) | $131.88 | 11/12/2009 | D(1) | 2,083 | (2) | 02/11/2014 | Common Stock | 2,083 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $105.12 | 11/12/2009 | D(1) | 520 | (2) | 05/17/2014 | Common Stock | 520 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $57.96 | 11/12/2009 | D(1) | 2,083 | (2) | 06/13/2015 | Common Stock | 2,083 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $65.64 | 11/12/2009 | D(1) | 833 | (2) | 06/20/2015 | Common Stock | 833 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $106.8 | 11/12/2009 | D(1) | 2,083 | (2) | 07/20/2016 | Common Stock | 2,083 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $46.68 | 11/12/2009 | D(1) | 2,083 | (2) | 12/07/2017 | Common Stock | 2,083 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $13.8 | 11/12/2009 | D(1) | 2,083 | (2) | 02/13/2019 | Common Stock | 2,083 | $0.00 | 0 | D | ||||
| Stock Option (Right to Buy) | $3.85 | 11/12/2009 | A(3) | 4,288 | (4) | 11/12/2019 | Common Stock | 4,288 | (3) | 4,288 | D | ||||
| Stock Option (Right to Buy) | $3.85 | 11/12/2009 | A(3) | 2,083 | (5) | 11/12/2019 | Common Stock | 2,083 | (3) | 2,083 | D | ||||
| Stock Option (Right to Buy) | $3.85 | 11/12/2009 | A(3) | 2,083 | (6) | 11/12/2019 | Common Stock | 2,083 | (3) | 2,083 | D | ||||
| Explanation of Responses: |
| 1. Exchanged for new options to purchase shares of common stock at an exercise price of $3.85 per share pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009. |
| 2. The shares subject to the option vested in 36 equal monthly installments. |
| 3. Granted in exchange for options surrendered (reported above) pursuant to the Company's stock option exchange program which commenced on 10/13/2009 and terminated 11/12/2009. |
| 4. The options shall vest according to the following schedule: 2,145 options vested on 11/12/2009 and the remaining 2,143 options shall vest ratably over the next 12 quarters beginning with the quarter ending 12/31/2009. |
| 5. The options shall vest according to the following schedule: 636 options vested on 11/12/2009 and 406 options shall vest ratably over the next 13 months beginning on 12/7/2009; and the remaining 1,041 options shall vest ratably over the next 20 quarters beginning with the quarter ending 12/31/2009. |
| 6. The options shall vest according to the following schedule: 203 options vested on 11/12/2009 and 839 options shall vest ratably over the next 27 months beginning on 12/13/2009; and the remaining 1,041 options shall vest ratably over the next 25 quarters beginning with the quarter ending 12/31/2009. |
| /s/ Gerald M. Haines II for Cheryl Wenzinger | 11/16/2009 | |
| ** 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 Number. | ||