Sec Form 4 Filing - Cheung Wilson Wai-Shun @ SCICLONE PHARMACEUTICALS INC - 2016-08-12

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
Cheung Wilson Wai-Shun
2. Issuer Name and Ticker or Trading Symbol
SCICLONE PHARMACEUTICALS INC [ SCLN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO & Senior VP, Finance
(Last) (First) (Middle)
950 TOWER LANE, SUITE 900
3. Date of Earliest Transaction (MM/DD/YY)
08/12/2016
(Street)
FOSTER CITY, CA94404
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 08/12/2016 M 25,000 A $ 0 25,000 D
Common Stock 08/12/2016 M 12,500 A $ 0 37,500 D
Common Stock 08/12/2016 M 3,000 A $ 0 40,500 D
Common Stock 08/12/2016 F( 1 ) 9,396 D $ 10.41 31,104 D
Common Stock 08/12/2016 F( 1 ) 1,128 D $ 10.41 29,976 D
Common Stock 08/12/2016 F( 1 ) 4,698 D $ 10.41 25,278 D
Common Stock 08/16/2016 S 7,802 D $ 10.6174 17,476 D
Table II - Derivative Securities A cquired, 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 Unit ( 2 ) ( 3 ) 08/12/2016 A 30,000 ( 4 ) ( 4 ) Common Stock 30,000 $ 0 229,000 D
Restricted Stock Unit ( 5 ) ( 3 ) 08/12/2016 M 25,000 ( 6 ) ( 6 ) Common Stock 25,000 $ 0 204,000 D
Restricted Stock Unit ( 5 ) ( 3 ) 08/12/2016 M 12,500 ( 7 ) ( 7 ) Common Stock 12,500 $ 0 191,500 D
Restricted Stock Unit ( 5 ) ( 3 ) 08/12/2016 M 3,000 ( 8 ) ( 8 ) Common Stock 3,000 $ 0 188,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cheung Wilson Wai-Shun
950 TOWER LANE, SUITE 900
FOSTER CITY, CA94404
CFO & Senior VP, Finance
Signatures
/s/ Wilson W. Cheung 08/16/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares disposed represent shares withheld to cover withholding tax obligations in connection with the vesting of Restricted Stock Units.
( 2 )Granted under the Issuer's 2015 Equity Incentive Plan.
( 3 )Each restricted stock unit represents the contingent right to receive one share of SciClone Pharmaceuticals, Inc.'s common stock.
( 4 )Each RSU will vest and be settled on August 15, 2017, subject to the reporting person's continued employment, but will terminate upon the occurrence of a change in control on or before March 31, 2017.
( 5 )Granted under the Issuer's 2005 Equity Incentive Plan.
( 6 )Provided Reporting Person remains employed by the Issuer, 33.33% of the restricted stock units vested on January 4, 2016, 33.33% will vest on January 3,2017, and 33.34% will vest on January 2, 2017, unless the trading window is closed for the Reporting Person on such date, in which case the vesting date will be deferred until the next date that the trading window is open.
( 7 )Provided Reporting Person remains employed by the Issuer, 25% of the restricted stock units will vest on each August 9, 2014, August 9, 2015, August 9, 2016, and August 9, 2017, unless the trading window is closed for the Reporting Person on such date, in which case the vesting date will be deferred until the next date that the trading window is open.
( 8 )Vesting for such RSUs will occur 25% on March 16, 2016, 25% on March 16, 2017, 25% on March 16, 2018, and 25% on March 16, 2019, or on such later date thereafter as the Company's trading window opens, if it is not open on any of such dates, contingent upon the executive's continued employment.

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