SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LEA GREGORY S

(Last) (First) (Middle)
2800 PATTON ROAD

(Street)
ST. PAUL MN 55113

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EnteroMedics Inc [ ETRM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, CFO and COO
3. Date of Earliest Transaction (Month/Day/Year)
03/09/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 2,750(1) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 Option (right to buy) $1.9 10/29/2010(2) 10/29/2017 Common Stock 16,711 16,711 D
Stock Option (right to buy) $1.9 10/29/2010(2) 10/29/2017 Common Stock 3,913 3,913 D
Stock Option (right to buy) $1.9 10/29/2010(2) 10/29/2017 Common Stock 16,118 16,118 D
Stock Option (right to buy) $1.9 10/29/2010(2) 10/29/2017 Common Stock 14,597 14,597 D
Stock Option (right to buy) $3.78 (3) 11/18/2019 Common Stock 16,666 16,666 D
Warrant (common stock right to buy) $2.19 (4) (5) Common Stock 10,000 10,000 D
Stock Option (right to buy) $2.58 03/16/2011(6) 02/16/2021 Common Stock 200,000 200,000 D
Stock Option (right to buy) $2.67 08/12/2011(6) 07/12/2021 Common Stock 225,000 225,000 D
Stock Option (right to buy) $1.9 01/14/2012(6) 12/14/2021 Common Stock 125,000 125,000 D
Stock Option (right to buy) $3.35(7) 08/10/2012(6) 07/10/2022 Common Stock 863,156 863,156 D
Stock Option (right to buy) $1.31 06/30/2013(6) 05/31/2023 Common Stock 1,003,280 1,003,280 D
Stock Option (right to buy) $1.11 03/09/2015 A 175,000 04/09/2015(6) 03/09/2025 Common Stock 175,000 $0.00 175,000 D
Explanation of Responses:
1. The total amount noted has been reduced to reflect a correction to the number of shares held by the reporting person based on a Form 5 concurrently filed with this report. All filings made from 2013 to date are deemed to be amended to reflect the correction in shares held.
2. Options vest 33% on date noted and thereafter at 1/24th per month.
3. Options currently 100% vested.
4. Warrant becomes exercisable 181 days from the date of issuance at close of offering.
5. Warrant expires five years from date it first becomes exercisable.
6. Vests in increments of 1/48th per month, beginning the date shown.
7. The exercise price is the closing price on July 10, 2012, the date the board authorized the grants subject to stockholder approval of the increase in the number of shares available for awards under the incentive plan, which was obtained on September 27, 2012.
Remarks:
/s/ Greg S. Lea 03/11/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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