Sec Form 4 Filing - PATEL SAMIR CHANDRAKANT @ Ophthotech Corp. - 2016-01-02

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
PATEL SAMIR CHANDRAKANT
2. Issuer Name and Ticker or Trading Symbol
Ophthotech Corp. [ OPHT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
C/O OPHTHOTECH CORPORATION, ONE PENN PLAZA, 19TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
01/02/2016
(Street)
NEW YORK, NY10119
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 01/02/2016 M 4,875 A 283,480 D
Common Stock 01/04/2016 S 677 ( 2 ) D $ 71.15 ( 3 ) 282,803 D
Common Stock 01/04/2016 S 472 ( 2 ) D $ 71.93 ( 4 ) 282,331 D
Common Stock 01/04/2016 S 881 ( 2 ) D $ 72.93 ( 5 ) 281,450 D
Common Stock 01/04/2016 S 454 ( 2 ) D $ 74.05 ( 6 ) 280,996 D
Common Stock 01/04/2016 S 85 ( 2 ) D $ 74.96 ( 7 ) 280,911 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
Restricted Stock Units ( 1 ) 01/02/2016 M 4,875 ( 8 ) 01/01/2025 Common Stock 4,875 $ 0 14,625 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PATEL SAMIR CHANDRAKANT
C/O OPHTHOTECH CORPORATION
ONE PENN PLAZA, 19TH FLOOR
NEW YORK, NY10119
X President
Signatures
/s/ Justin Vogel, as Attorney-in-Fact for Samir Patel 01/05/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted stock units converted into common stock on a one-for-one basis upon vesting of the units.
( 2 )Represents shares automatically sold pursuant to the prespecified terms of the applicable Restricted Stock Unit Agreement to satisfy the reporting person's minimum statutory withholding obligations with respect to the income recognized by the reporting person upon the vesting of the restricted stock units on January 2, 2016.
( 3 )These shares were disposed of in multiple transactions on January 4, 2016 at actual sales prices ranging from $70.52 to $71.50 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 4 )These shares were disposed of in multiple transactions on January 4, 2016 at actual sales prices ranging from $71.52 to $72.51 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 5 )These shares were disposed of in multiple transactions on January 4, 2016 at actual sales prices ranging from $72.59 to $73.58 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 6 )These shares were disposed of in multiple transactions on January 4, 2016 at actual sales prices ranging from $73.62 to $74.57 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 7 )These shares were disposed of in multiple transactions on January 4, 2016 at actual sales prices ranging from $74.70 to $75.30 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the staff of the Securities Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 8 )On January 2, 2015, the reporting person was granted 19,500 restricted stock unit awards, which will each vest with respect to 25% of the shares subject to the award on each of the first, second, third and fourth anniversaries of the grant date, subject to continued employment with the issuer and the other terms and conditions under the issuer's 2013 Stock Incentive Plan.

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