Sec Form 4 Filing - George Adam D. @ GW PHARMACEUTICALS PLC - 2019-05-07

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
George Adam D.
2. Issuer Name and Ticker or Trading Symbol
GW PHARMACEUTICALS PLC [ GWPH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Secretary
(Last) (First) (Middle)
SOVEREIGN HOUSE, VISION PARK, HISTON
3. Date of Earliest Transaction (MM/DD/YY)
05/07/2019
(Street)
CAMBRIDGE, X0CB24 9BZ
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
Ordinary Shares 05/07/2019 M 258,324 ( 1 ) A $ 0.0013 ( 2 ) 268,324 D
Ordinary Shares 05/07/2019 S 258,324 ( 3 ) D $ 16.1 ( 4 ) 10,000 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
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 31,144 ( 5 ) 07/19/2020 Ordinary Shares 31,144 $ 0 0 D
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 39,121 ( 6 ) 09/24/2023 Ordinary Shares 39,121 $ 0 0 D
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 46,071 ( 6 ) 08/12/2024 Ordinary Shares 46,071 $ 0 0 D
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 59,128 ( 7 ) 06/24/2025 Ordinary Shares 59,128 $ 0 3,620 D
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 69,924 ( 8 ) 02/15/2026 Ordinary Shares 69,924 $ 0 97,018 D
Stock Options $ 0.0013 ( 2 ) 05/07/2019 M 12,936 ( 9 ) 01/06/2027 Ordinary Shares 12,936 $ 0 99,180 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
George Adam D.
SOVEREIGN HOUSE, VISION PARK, HISTON
CAMBRIDGE, X0CB24 9BZ
Secretary
Signatures
/s/ Adam D. George 05/09/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Exercise of stock options. Following the exercise, these shares were converted into American Depositary Shares ("ADS") of the Issuer. Each ADS represents twelve ordinary shares of the Issuer.
( 2 )Converted from British Pounds Sterling to U.S. Dollars using currency ratio of 1.00 British Pound Sterling = 1.31 U.S. Dollars as of May 7, 2019.
( 3 )Represented by ADSs. The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2019.
( 4 )The exercise price reported is price per ordinary share converted from price per ADS.
( 5 )Granted pursuant to the Issuer's Enterprise Management Incentive Scheme and fully vested.
( 6 )Granted pursuant to the Issuer's Long-Term Incentive Plan and fully vested.
( 7 )Granted pursuant to the Issuer's Long-Term Incentive Plan, of which 3,620 shares will vest on June 24, 2019 and the rest have vested.
( 8 )Granted pursuant to the Issuer's Long-Term Incentive Plan, of which 9,632 shares will vest on February 15, 2020, and the rest have vested.
( 9 )Granted pursuant to the Issuer's Long-Term Incentive Plan, of which 92,712 shares will vest on January 6, 2020, 6,468 shares will vest on January 6, 2021 and the rest have vested

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