Sec Form 4 Filing - Martens Juergen @ MANNKIND CORP - 2014-08-11

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Martens Juergen
2. Issuer Name and Ticker or Trading Symbol
MANNKIND CORP [ MNKD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Corporate VP
(Last) (First) (Middle)
28903 NORTH AVENUE PAINE
3. Date of Earliest Transaction (MM/DD/YY)
08/11/2014
(Street)
VALENCIA, CA91355
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)
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, $.01 Par Value 08/11/2014 A( 1 ) 220,000 A $ 0 404,326 D
Common Stock, $.01 Par Value 08/11/2014 F( 2 ) 107,030 D $ 8.53 297,296 D
Common Stock, $.01 Par Value 08/21/2014 A( 3 ) 11,500 A $ 0 308,796 D
Common Stock, $.01 Par Value 08/22/2014 F( 2 ) 1,338 D $ 7.09 307,458 D
Common Stock, $.01 Par Value 08/22/2014 S( 4 ) 22,775 D $ 7.0236 ( 5 ) 284,683 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 (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
Employee Stock Option $ 1.69 08/11/2014 A( 6 ) 60,000 08/11/2014 05/17/2022 Common Stock, $0.01 Par Value 60,000 $ 0 200,000 D
Employee Stock Option $ 6.85 08/11/2014 A( 7 ) 240,000 08/11/2014 05/23/2023 Common Stock, $0.01 Par Value 240,000 $ 0 480,000 D
Employee Stock Option $ 7.09 08/21/2014 A( 8 ) 51,700 08/21/2015 08/20/2024 Common Stock, $0.01 Par Value 51,700 $ 0 51,700 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Martens Juergen
28903 NORTH AVENUE PAINE
VALENCIA, CA91355
Corporate VP
Signatures
/s/ Juergen Martens 08/22/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person was granted multiple restricted stock units that vest upon the achievement of certain defined performance milestones. On August 11, 2014, one of the defined performance milestones was met, resulting in the partial vesting of the restricted stock units.
( 2 )Shares withheld to satisfy the tax liability to the vesting of a restricted stock unit award.
( 3 )Acquired pursuant to a Restricted Stock Unit Award: 25% vest on each year anniversary of the vesting determination date and 25% each anniversary thereafter; shares shall fully vest on the fourth anniversary of the vesting determination date.
( 4 )Transaction occurred pursuant to Rule 10b5-1 Plan.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.9600 to $7.0715, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
( 6 )On May 17, 2012, the reporting person was granted an option that vests upon the achievement of certain defined performance milestones. On August 11, 2014, one of the defined performance milestones was met, resulting in the partial vesting of the option.
( 7 )On May 23, 2013, the reporting person was granted an option that vests upon the achievement of certain defined performance milestones. On August 11, 2014, one of the defined performance milestones was met, resulting in the partial vesting of the option.
( 8 )25% vesting on the anniversary of the vesting determination date and 1/48th per month thereafter; being fully vested on the fourth anniversary of the vesting determination date.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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