| Proposal Number | | | Proposal Description | | | Vote Required for Approval | | | Effect of Abstentions | | | Effect of Broker Non-Votes | |
| ||||||||||||||
| | Election of Directors | | | Directors are elected by a plurality of the votes of the holders of shares present in person or represented by proxy and entitled to vote on the election of directors. The six nominees receiving the | | | None | | | None | | ||
| 2 | | | Non-binding advisory vote on the compensation of our named executive officers | | | The number of shares that cast a vote “For” the proposal must exceed the number of shares that cast a vote “Against” the proposal. | | | None | | | None | |
| 3 | | | Non-binding advisory vote on the frequency of the stockholder vote (every one, two, or three years) relating to the compensation of our named executive officers | | | The number of shares that cast a vote “For” any of the one-, two- or three-year option must exceed the number of shares that cast a vote for the other options. If no option receives votes from the majority of votes cast, no preference of our stockholders will have been approved by our stockholders; however, our board of directors and Compensation Committee will take the relative proportions of the votes cast into account in setting the frequency of stockholder advisory votes on the compensation of our named executive officers | | | None | | | None | |
| 4 | | | Ratification of the Audit Committee’s selection of Ernst & Young as the Company’s independent registered public accounting firm for the fiscal year ending December 31, | | | The number of shares that cast a vote “For” the proposal must exceed the number of shares that cast a vote “Against” the proposal. | | | None | | | None | |
Name | | | Age | | | ||||||||
| |||||||||||||
Todd R. Patrick | | | | 58 | | | | Chief Executive Officer, Director | | ||||
Richard J. Bastiani, Ph.D.(3) | | | | 78 | | | | Chairman of the Board of Directors | | ||||
Sarah J. Schlesinger, M.D.(2)(4) | | | | | 60 | | | | Director | | |||
Joseph M. Patti, Ph.D.(2)(3)(6) | | | | | 56 | | | | Director | | |||
Odysseas D. Kostas, M.D.(3)(4) | | | | | 46 | | | | Director | | |||
Todd C. Peterson, Ph.D.(1) | | | | | 62 | | | | Director | | |||
Robin C. Kramer(5) | | | | | 55 | | | ||||||
| Director | ||||||||||||
|
Name | | | Audit | | | Compensation | | | Nominating and Corporate Governance | | |||||||||
Jeremy Curnock Cook | | | | | | | | | | | X | | | | | | X* | | |
Louis Drapeau | | | | | X* | | | | | | X | | | | | | X | | |
Michael S. Perry, Ph.D. | | | | | X | | | | | | X* | | | | | | X | | |
Vijay B. Samant | | | | | X | | | | | | | | | | | | | | |
Paul C. Grint, M.D. | | | | | | | | | | | | | | | | | | | |
Wendy S. Johnson | | | | | | | | | | | | | | | | | | | |
Total meetings during 2018 | | | | | 4 | | | | | | 1 | | | | | | — | | |
Name | | | Audit(1) | | | Compensation | | | Nominating and Corporate Governance | | |||||||||
Richard J. Bastiani, Ph.D. | | | | | | | | | | | | | | | | | X* | | |
| | | | | | | | | | | | | | | | | | ||
Jeremy Curnock Cook | | | | | X | | | | | | X | | | | | | | | |
H. Stewart Parker | | | | | X* | | | | | | | | | | | | X | | |
Todd R. Patrick | | | | | | | | | | | | | | | | | | | |
Joseph M. Patti, Ph.D. | | | | | | | | | | | X* | | | | | | X | | |
| | | | | | | | | X | | | | | | | | | ||
Todd C. Peterson, Ph.D. | | | | | | | | | | | | | | | | | | |
| | | Fiscal Year Ended December 31, 2019 | | | Fiscal Year Ended December 31, 2018 | | ||||||
Audit Fees | | | | $ | 277,000 | | | | | $ | — | | |
Audit Related Fees | | | | | 94,000 | | | | | | — | | |
Tax Fees | | | | | — | | | | | | — | | |
All Other Fees | | | | | — | | | | | | — | | |
Total | | | | $ | 371,000 | | | | | $ | — | | |
| | | Fiscal Year Ended December 31, 2018 | | | Fiscal Year Ended December 31, 2017 | | ||||||
Audit Fees(1) | | | | $ | 270,000 | | | | | $ | 324,000 | | |
Audit Related Fees(2) | | | | | 120,560 | | | | | | 97,000 | | |
Tax Fees | | | | | — | | | | | | — | | |
All Other Fees | | | | | — | | | | | | — | | |
Total | | | | $ | 390,560 | | | | | $ | 421,000 | | |
| | | Fiscal Year Ended December 31, 2019 | | | Fiscal Year Ended December 31, 2018 | | ||||||
Audit Fees(1) | | | | $ | 143,000 | | | | | $ | 270,000 | | |
Audit Related Fees(2) | | | | | 102,000 | | | | | | 121,000 | | |
Tax Fees | | | | | — | | | | | | — | | |
All Other Fees | | | | | — | | | | | | — | | |
Total | | | | $ | 245,000 | | | | | $ | 391,000 | | |
| | Fiscal Year Ended December 31, 2018 | | Fiscal Year Ended December 31, 2017 | | |||||||||||||||||||||||||||
| | E&Y | | E&Y | | PwC | | | Fiscal Year Ended December 31, 2019 | | Fiscal Year Ended December 31, 2018 | | ||||||||||||||||||||
Audit Fees(1) | | | $ | 273,207 | | | | $ | 150,523 | | | | $ | 132,650 | | | | | $ | 26,000 | | | | $ | 253,000 | | | |||||
Audit Related Fees(2) | | | | 50,482 | | | | | — | | | | | 943 | | | | | | — | | | | | 71,000 | | | |||||
Tax Fees | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | |||||
All Other Fees | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | |||||
Total | | | $ | 323,689 | | | | $ | 150,523 | | | | $ | 133,593 | | | | | $ | 26,000 | | | | $ | 324,000 | | |
Name | | | Age | | | Position(s) | | |||
Todd R. Patrick | | | | | Chief Executive Officer & Director | | ||||
Brian Varnum, Ph.D. | | | | | President & Chief Development Officer | | ||||
Steve R. Martin | | | | | Chief Financial Officer | | ||||
Duane Morris | | | | | Vice President, Operations | |
| | Beneficial Ownership | | | Beneficial Ownership | | ||||||||||||||||||||
Beneficial Owner | | Number of Shares | | Percent of Total | | | Number of Shares | | Percent of Total | | ||||||||||||||||
Greater than 5% Shareholders | | | | | | | | | | | | |||||||||||||||
Greater than 5% Stockholders | | | | | | | | | | | | |||||||||||||||
Innoviva, Inc. | | | | 17,421,600(1) | | | | | 63.7% | | | |||||||||||||||
Delta Dental of Wisconsin | | | | 2,107,675(1) | | | | | 21.2% | | | | | | 2,107,675(2) | | | | | 11.3% | | | ||||
Delta Dental Plan of Michigan, Inc. | | | | 1,265,802(2) | | | | | 12.7% | | | | | | 1,265,802(3) | | | | | 6.8% | | | ||||
Delta Dental of California | | | | 990,643(3) | | | | | 10.0% | | | | | | 990,643(4) | | | | | 5.3% | | | ||||
Delta Dental Plan of South Dakota | | | | 887,813(4)(17) | | | | | 8.9% | | | |||||||||||||||
Corvesta, Inc. | | | | 633,944(5) | | | | | 6.4% | | | |||||||||||||||
Synthetic Genomics | | | | 516,976(4) | | | | | 5.2% | | | |||||||||||||||
Directors and Named Executive Officers | | | | | | | | | | | | |||||||||||||||
| | | | | | | | | % | | | |||||||||||||||
Directors, Director Nominees and Named Executive Officers | | | | | | | | | | | | |||||||||||||||
Richard J. Bastiani, Ph.D. (Director) | | | | 14,698(6) | | | | | * | | | | | | 28,390(5) | | | | | * | | | ||||
Richard Bear (Director) | | | | — | | | | | — | | | |||||||||||||||
Jeremy Curnock Cook (Director) | | | | 30,860(7) | | | | | * | | | | | | 44,685(6) | | | | | * | | | ||||
H. Stewart Parker (Director) | | | | 14,698(8) | | | | | * | | | | | | 28,390(7) | | | | | * | | | ||||
Odysseas D. Kostas, M.D. (Director) | | | | 17,421,600(13) | | | | | 63.7% | | | |||||||||||||||
Sarah J. Schlesinger, M.D. (Director) | | | | 17,421,600(13) | | | | | 63.7% | | | |||||||||||||||
Joseph M. Patti, Ph.D. (Director) | | | | — | | | | | — | | | | | | 13,692(14) | | | | | * | | | ||||
Michael S. Perry, D.V.M., Ph.D. (Director) | | | | 30,592(9) | | | | | * | | | |||||||||||||||
Todd C. Peterson, Ph.D. (Director) | | | | — | | | | | — | | | | | | 13,692(15) | | | | | * | | | ||||
Todd R. Patrick (Chief Executive Officer and Director) | | | | 260,142(10) | | | | | 2.6% | | | | | | 334,823(8) | | | | | 1.8% | | | ||||
Brian Varnum, Ph.D. (President and Chief Development Officer) | | | | 73,991(11) | | | | | * | | | |||||||||||||||
Brian Varnum, Ph. D. (President and Chief Development Officer) | | | | 148,564(9) | | | | | * | | | |||||||||||||||
Steve R. Martin (Chief Financial Officer) | | | | 7,244(12) | | | | | * | | | | | | 47,097(10) | | | | | * | | | ||||
Duane Morris (Vice President of Operations) | | | | 33,543(13) | | | | | * | | | | | | 52,213(11) | | | | | * | | | ||||
Paul C. Grint, M.D. (Former Chief Executive Officer) | | | | 1,828(14) | | | | | * | | | |||||||||||||||
Igor P. Bilinsky, Ph.D. (Former Senior Vice President and Chief Operating Officer) | | | | —(15) | | | | | — | | | |||||||||||||||
All current executive officers and directors as a group (11 persons)(16) | | | | 436,039 | | | | | 4.3% | | | |||||||||||||||
Robin C. Kramer (Director Nominee) | | | | — | | | | | * | | | |||||||||||||||
All current executive officers, director nominees and directors as a group (12 persons) (12) | | | | 18,133,146 | | | | | 65.3% | | |
Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Option Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Option Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Todd Patrick Chief Executive Officer | | | | | 2019 | | | | | 412,000 | | | | | — | | | | | 714,556 | | | | | 144,200 | | | | | — | | | | | 1,270,756 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 412,000 | | | | | — | | | | | — | | | | | 206,000 | | | | | — | | | | | 618,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Brian Varnum, Ph. D. President and Chief Development Officer | | | | | 2019 | | | | | 320,000 | | | | | — | | | | | 714,556 | | | | | 89,600 | | | | | — | | | | | 1,124,156 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 320,000 | | | | | — | | | | | — | | | | | 128,000 | | | | | — | | | | | 448,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Steve Martin Senior VP and Chief Financial Officer | �� | | | | 2019 | | | | | 320,000 | | | | | — | | | | | 357,278 | | | | | 89,600 | | | | | — | | | | | 766,878 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2018 | | | | | 320,000 | | | | | — | | | | | — | | | | | 109,000 | | | | | — | | | | | 429,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Paul C. Grint, M.D. Former Chief Executive Officer(2) | | | | | 2018 | | | | | 475,000 | | | | | — | | | | | — | | | | | 143,000 | | | | | — | | | | | 618,000 | | | | | | | 2019 | | | | | 170,928 | | | | | — | | | | | 4,125 | | | | | — | | | | | 519,717 | | | | | 694,770 | | | ||||||||||||
| | | 2017 | | | | | 277,083 | | | | | — | | | | | 154,163 | | | | | 50,000 | | | | | 18,750(4) | | | | | 499,996 | | | | | | 2018 | | | | | 475,000 | | | | | — | | | | | — | | | | | 143,000 | | | | | — | | | | | 618,000 | | | |||||||||||||||
Steve Martin Senior VP and Chief Financial Officer | | | | | 2018 | | | | | 320,000 | | | | | — | | | | | — | | | | | 109,000 | | | | | — | | | | | 429,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 320,000 | | | | | — | | | | | 154,072 | | | | | 173,409 | | | | | — | | | | | 647,481 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Igor P. Bilinsky, Ph.D. Former Senior VP and Chief Operating Officer(3) | | | | | 2018 | | | | | 350,000 | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 350,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2017 | | | | | 323,525 | | | | | — | | | | | 201,173 | | | | | 183,805 | | | | | — | | | | | 708,503 | | |
Name | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | | Option Exercise Price ($) | | | Option Expiration Date | | ||||||||||||
Dr. Grint(5) | | | | | 89(1) | | | | | | 26(1)(4) | | | | | | — | | | | | | 791.00 | | | | 11/4/2025 | |
| | | | | | | | | | | | | | | | | 20,365(2) | | | | | | 12.74 | | | | 9/6/2027 | |
| | | | | 4,242 | | | | | | 9,334(1)(4) | | | | | | — | | | | | | 12.74 | | | | 9/6/2027 | |
| | | | | 4,331 | | | | | | 9,360 | | | | | | | | | | | | | | | | | |
Mr. Martin | | | | | 520(1) | | | | | | 193(1) | | | | | | — | | | | | | 399.00 | | | | 1/17/2026 | |
| | | | | 1,152(3) | | | | | | — | | | | | | — | | | | | | 60.20 | | | | 3/31/2021 | |
| | | | | 3,102 | | | | | | 6,826(1) | | | | | | — | | | | | | 12.74 | | | | 9/6/2027 | |
| | | | | 4,774 | | | | | | 7,019 | | | | | | | | | | | | | | | | | |
Dr. Bilinsky(5) | | | | | 846 | | | | | | 919(1)(4) | | | | | | — | | | | | | 64.40 | | | | 1/29/2027 | |
| | | | | 1,260(3) | | | | | | — | | | | | | — | | | | | | 60.20 | | | | 3/31/2021 | |
| | | | | 2,464 | | | | | | 3,761(1)(4) | | | | | | — | | | | | | 10.36 | | | | 5/29/2027 | |
| | | | | 4,570 | | | | | | 4,680 | | | | | | | | | | | | | | | | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Option Awards ($) | | | All Other Compensation ($) | | | Total ($) | | ||||||||||||
Jeremy Curnock Cook(1) | | | | | 70,000 | | | | | | — | | | | | | — | | | | | | 70,000 | | |
Louis Drapeau(2)(6) | | | | | 63,000 | | | | | | — | | | | | | — | | | | | | 63,000 | | |
Michael S. Perry, Ph.D.(3) | | | | | 59,000 | | | | | | — | | | | | | — | | | | | | 59,000 | | |
Vijay Samant(4)(6) | | | | | 46,000 | | | | | | — | | | | | | — | | | | | | 46,000 | | |
Wendy S. Johnson(5)(6) | | | | | 40,000 | | | | | | — | | | | | | — | | | | | | 40,000 | | |
Name | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Option Exercise Price ($) | | | Option Expiration Date | | ||||||||||||
Mr. Patrick | | | | | 56,056(1) | | | | | | — | | | | | | 38.12 | | | | | | 4/24/2024 | | |
| | | | | — | | | | | | 298,724(2) | | | | | | 3.15 | | | | | | 5/21/2029 | | |
| | | | | 56,056 | | | | | | 298,724 | | | | | | | | | | | | | | |
Dr. Varnum | | | | | 20,718(3) | | | | | | — | | | | | | 27.37 | | | | | | 3/12/2022 | | |
| | | | | 986(1) | | | | | | — | | | | | | 33.05 | | | | | | 6/25/2022 | | |
| | | | | 15,193(1) | | | | | | — | | | | | | 38.12 | | | | | | 4/21/2024 | | |
| | | | | 4,932(1) | | | | | | — | | | | | | 38.12 | | | | | | 12/8/2024 | | |
| | | | | — | | | | | | 298,724(2) | | | | | | 3.15 | | | | | | 5/21/2029 | | |
| | | | | 41,829 | | | | | | 298,724 | | | | | | | | | | | | | | |
Mr. Martin | | | | | 608(1) | | | | | | 14(1) | | | | | | 399.00 | | | | | | 1/17/2026 | | |
| | | | | 1,152(4) | | | | | | — | | | | | | 60.20 | | | | | | 3/31/2021 | | |
| | | | | 5,588(1) | | | | | | 4,340(1) | | | | | | 12.74 | | | | | | 9/6/2027 | | |
| | | | | — | | | | | | 149,362(2) | | | | | | 3.15 | | | | | | 5/21/2029 | | |
| | | | | 7,348 | | | | | | 153,716 | | | | | | | | | | | | | | |
Dr. Grint(6) | | | | | 1,786(5) | | | | | | —(1) | | | | | | 3.15 | | | | | | 11/6/2020 | | |
| | | | | 1,786 | | | | | | — | | | | | | | | | | | | | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Option Awards ($)(1) | | | All Other Compensation ($) | | | Total ($) | | ||||||||||||
Richard Bastiani | | | | | 41,786 | | | | | | 63,249 | | | | | | — | | | | | | 105,035 | | |
Richard Bear(3) | | | | | 25,714 | | | | | | 63,249 | | | | | | — | | | | | | 88,963 | | |
H. Stewart Parker | | | | | 37,286 | | | | | | 63,249 | | | | | | — | | | | | | 100,535 | | |
Joseph Patti | | | | | 30,857 | | | | | | 63,249 | | | | | | — | | | | | | 94,106 | | |
Todd Peterson | | | | | 10,000 | | | | | | 75,714 | | | | | | — | | | | | | 85,714 | | |
Jeremy Curnock Cook | | | | | 57,786 | | | | | | 63,249 | | | | | | — | | | | | | 121,035 | | |
Louis Drapeau(2) | | | | | 22,500 | | | | | | — | | | | | | — | | | | | | 22,500 | | |
Michael S. Perry, Ph.D.(3) | | | | | 57,071 | | | | | | 63,249 | | | | | | — | | | | | | 120,320 | | |
Vijay Samant(2) | | | | | 16,429 | | | | | | — | | | | | | — | | | | | | 16,429 | | |
Wendy S. Johnson(2) | | | | | 14,286 | | | | | | — | | | | | | — | | | | | | 14,286 | | |
Board of Directors: | | | Stock Options Outstanding | | | Stock Options Exercisable | | ||||||
Richard Bastiani | | | | | 28,192 | | | | | | 809 | | |
Richard Bear(3) | | | | | 27,383 | | | | | | — | | |
Jeremy Curnock Cook | | | | | 28,497 | | | | | | 1,108 | | |
H. Stewart Parker | | | | | 28,192 | | | | | | 809 | | |
Todd Peterson | | | | | 27,383 | | | | | | — | | |
Michael Perry(3) | | | | | 28,275 | | | | | | 847 | | |
Joseph Patti | | | | | 27,383 | | | | | | — | | |
Related Person | | | Shares Issued | | | Accrued Dividends Waived | | ||||||
Pendinas Limited | | | | | 4,175 | | | | | $ | 1,504,433 | | |
One Funds | | | | | 1,223 | | | | | $ | 440,859 | | |