SEC Filings

10-K
AVEXIS, INC. filed this Form 10-K on 02/28/2018
Entire Document
 

Determination of the Fair Value of Stock‑Based Compensation Grants

The following table summarizes by grant date the number of shares of our common stock subject to stock options granted during 2017 and 2016, as well as the associated per‑share exercise price of the award, the estimated fair value per share of our common stock on the grant date, and the estimated fair value per share of the award:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

Weighted

 

Fair

 

 

 

 

Average

 

Value per

 

 

Number of Shares

 

Exercise

 

Share

 

 

Underlying

 

Price

 

of Common

Grant Date

    

Options Granted

    

per Share

    

Stock

January 1, 2017 ‑ March 31, 2017

 

201,250

 

$

64.44

 

$

47.20

April 1, 2017 ‑ June 30, 2017

 

636,783

 

$

75.95

 

$

55.79

July 1, 2017 ‑ September 30, 2017

 

120,812

 

$

92.73

 

$

60.34

October 1, 2017 ‑ December 31, 2017

 

144,594

 

$

99.36

 

$

77.63

 

 

 

 

 

 

 

 

 

Grant Date

    

 

 

 

 

 

January 1, 2016 ‑ March 31, 2016

 

338,738

 

$

19.22

 

$

13.00

April 1, 2016 ‑ June 30, 2016

 

261,000

 

$

42.61

 

$

31.86

July 1, 2016 ‑ September 30, 2016

 

277,900

 

$

35.74

 

$

27.86

October 1, 2016 ‑ December 31, 2016

 

96,000

 

$

48.38

 

$

35.32

 

 

 

 

 

 

 

Grant Date

    

 

 

 

 

 

June 10, 2015

 

738,300

 

$

15.94

 

$

15.94

August 11, 2015

 

527,821

 

$

18.17

 

$

18.17

October 13, 2015

 

199,856

 

$

18.49

 

$

18.49

December 8, 2015

 

34,500

 

$

18.17

 

$

18.17

 

Common Stock Valuation Methodology

Prior to our initial public offering, we were required to make significant assumptions and estimates to determine the fair value of common stock underlying stock option awards at the grant date of the award. Valuation estimates were prepared by management in accordance with the framework of the American Institute of Certified Public Accountants Practice Guide, with the assistance of independent third-party valuations, and approved by our Board of Directors. The valuations of our common stock were based on a number of objective and subjective factors, including external market conditions affecting our industry sector, the prices at which we sold shares of our common and preferred stock, and the likelihood of achieving a liquidity event such as an initial public offering.

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