Sec Form 4 Filing - Elsesser Adam @ Penumbra Inc - 2016-09-07

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Elsesser Adam
2. Issuer Name and Ticker or Trading Symbol
Penumbra Inc [ PEN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman, CEO and President
(Last) (First) (Middle)
ONE PENUMBRA PLACE
3. Date of Earliest Transaction (MM/DD/YY)
09/07/2016
(Street)
ALAMEDA, CA94502
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
D
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/07/2016 M 14,000 A $ 1.26 1,249,838 D
Common Stock 09/07/2016 S( 1 ) 14,000 D $ 70.99 ( 2 ) 1,235,838 D
Common Stock 09/08/2016 M 36,000 A $ 1.26 1,271,838 D
Common Stock 09/08/2016 S( 1 ) 8,052 D $ 70.65 ( 3 ) 1,263,786 D
Common Stock 09/08/2016 S( 1 ) 27,948 D $ 71.58 ( 4 ) 1,235,838 D
Common Stock 09/09/2016 M 7,200 A $ 1.26 1,243,038 D
Common Stock 09/09/2016 S( 1 ) 3,300 D $ 68.69 ( 5 ) 1,239,738
Common Stock 09/09/2016 S( 1 ) 400 D $ 69.77 ( 6 ) 1,239,338 D
Common Stock 09/09/2016 S( 1 ) 3,500 D $ 70.66 ( 7 ) 1,235,838 D
Common Stock 14,144 I By Trust ( 8 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Stock Option (right to buy) $ 1.26 09/07/2016 M 14,000 ( 9 ) 04/30/2017 Common Stock 14,000 $ 0 43,200 D
Stock Option (right to buy) $ 1.26 09/08/2016 M 36,000 ( 9 ) 04/30/2017 Common Stock 36,000 $ 0 7,200 D
Stock Option (right to buy) $ 1.26 09/09/2016 M 7,200 ( 9 ) 04/30/2017 Common Stock 7,200 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Elsesser Adam
ONE PENUMBRA PLACE
ALAMEDA, CA94502
X Chairman, CEO and President
Signatures
/s/ Johanna Roberts, as attorney-in-fact for Adam Elsesser 09/09/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sales were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
( 2 )This transaction was executed in multiple trades at prices ranging from $70.52 to $71.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 3 )This transaction was executed in multiple trades at prices ranging from $70.15 to $71.10. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 4 )This transaction was executed in multiple trades at prices ranging from $71.17 to $71.82. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 5 )This transaction was executed in multiple trades at prices ranging from $68.38 to $69.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 6 )This transaction was executed in multiple trades at prices ranging from $69.57 to $69.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 7 )This transaction was executed in multiple trades at prices ranging from $70.37 to $70.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding t he number of shares and prices at which the transaction was effected.
( 8 )Shares are held by the Siegel/Elsesser Revocable Trust.
( 9 )All shares are vested and exercisable.

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.