Sec Form 4 Filing - Arjona Ferreira Juan Camilo @ Myovant Sciences Ltd. - 2023-03-10

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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
Arjona Ferreira Juan Camilo
2. Issuer Name and Ticker or Trading Symbol
Myovant Sciences Ltd. [ MYOV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Medical Officer
(Last) (First) (Middle)
C/O MYOVANT SCIENCES, INC., 2000 SIERRA POINT PARKWAY, 9TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/10/2023
(Street)
BRISBANE, CA94005
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 Shares 03/10/2023 D( 1 ) 86,602 D 160,082 D
Common Shares 03/10/2023 D( 1 ) 160,082 D 0 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 (Right to Buy) $ 7.78 03/10/2023 D( 1 ) 155,300 ( 4 ) 08/14/2027 Common Shares 155,300 ( 5 ) 0 D
Stock Options (Right to Buy) $ 7.78 03/10/2023 D( 1 ) 63,717 ( 4 ) 04/15/2028 Common Shares 63,717 ( 5 ) 0 D
Stock Options (Right to Buy) $ 7.78 03/10/2023 D( 1 ) 65,863 ( 6 ) 04/04/2029 Common Shares 65,863 ( 5 ) 0 D
Stock Options (Right to Buy) $ 8.08 03/10/2023 D( 1 ) 134,464 ( 7 ) 04/02/2030 Common Shares 134,464 ( 5 ) 0 D
Stock Options (Right to Buy) $ 17.88 03/10/2023 D( 1 ) 79,472 ( 8 ) 04/14/2031 Common Shares 79,472 ( 5 ) 0 D
Performance Stock Unit ( 9 ) 03/10/2023 D( 1 ) 103,703 ( 9 ) ( 9 ) Common Shares 103,703 ( 9 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Arjona Ferreira Juan Camilo
C/O MYOVANT SCIENCES, INC.
2000 SIERRA POINT PARKWAY, 9TH FLOOR
BRISBANE, CA94005
Chief Medical Officer
Signatures
/s/ Matthew Lang, Attorney-in-fact 03/10/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 10, 2023, Sumitovant Biopharma Ltd. ("Sumitovant") acquired all of the common shares of the Issuer not previously held by it pursuant to the terms of an Agreement and Plan of Merger, dated as of October 23, 2022 (the "Merger Agreement"), and a related Statutory Merger Agreement (the "Statutory Merger Agreement", and together with the Merger Agreement, the "Merger Agreements"), entered into by and among the Issuer, Sumitovant, Zeus Sciences Ltd., a wholly owned subsidiary of Sumitovant ("Merger Sub"), and other parties thereto. Pursuant to the Merger Agreements, Merger Sub merged with and into the Issuer, with the Issuer continuing as a wholly owned subsidiary of Sumitovant (the "Merger").
( 2 )At the effective time of the Merger (the "Effective Time"), each common share of the Issuer outstanding immediately prior to the Effective Time (other than certain excluded shares) automatically converted into the right to receive $27.00 in cash, without interest and less any applicable withholding taxes (the "Per Share Consideration").
( 3 )Reflects restricted stock units ("RSUs"). Each RSU outstanding immediately prior to the Effective Time that had not been settled in Issuer common shares was canceled and converted into the right to receive an amount (subject to any applicable withholding tax) in cash, without interest, equal to the product of (a) the Per Share Consideration, multiplied by (b) the total number of Issuer common shares subject to such RSU immediately prior to the Effective Time.
( 4 )These options are fully vested.
( 5 )Each then-outstanding and unexercised Issuer stock option (whether vested or unvested) was canceled and converted into the right to receive an amount (subject to any withholding tax) in cash, without interest, equal to the product of (a) the excess, if any, of (i) the Per Share Consideration over (ii) the applicable exercise price for such option, multiplied by (b) the total number of Issuer common shares subject to such option.
( 6 )One-fourth of the options vested on April 5, 2020, and one-sixteenth of the options vest each quarter thereafter.
( 7 )One-fourth of the options vested on April 3, 2021, and one-sixteenth of the options vest each quarter thereafter.
( 8 )One-fourth of the options vested on April 15, 2022, and one-sixteenth of the options vest each quarter thereafter.
( 9 )Each performance-based restricted stock unit ("PSU") outstanding immediately prior to the Effective Time that had not been settled in Issuer common shares was canceled and converted into the right to receive an amount (subject to any applicable withholding tax) in cash, without interest, equal to the product of (a) the Per Share Consideration, multiplied by (b) the total number of Issuer common shares subject to such PSUs (deeming performance goals as being satisfied) immediately prior to the Effective Time.

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