OmniAb (OABI) Form 4 OmniAb / Sunil Patel ownership change

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^*

Patel Sunil

(Last) (First) (Middle)

C/O OMNIAB, INC.

5980 HORTON STREET, SUITE 600

(Street)

EMERYVILLE CA 94608

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OmniAb, Inc. [ OABI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2022

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	11/01/2022		A(1)		172,512(2)(3)	A	(1)	172,512	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	$7.75	11/01/2022		A(1)		14,178		(4)	06/04/2024	Common Stock	14,178	(1)	14,178	D
Stock Option	$10.3	11/01/2022		A(1)		11,789		(4)	04/24/2025	Common Stock	11,789	(1)	11,789	D
Stock Option	$13.69	11/01/2022		A(1)		9,970		(4)	05/23/2026	Common Stock	9,970	(1)	9,970	D
Stock Option	$13.02	11/01/2022		A(1)		10,513		(4)	05/25/2027	Common Stock	10,513	(1)	10,513	D
Stock Option	$22.47	11/01/2022		A(1)		10,590		(4)	06/19/2028	Common Stock	10,590	(1)	10,590	D
Stock Option	$13.03	11/01/2022		A(1)		17,427		(4)	06/06/2029	Common Stock	17,427	(1)	17,427	D
Stock Option	$13.49	11/01/2022		A(1)		10,565		(4)	06/10/2030	Common Stock	10,565	(1)	10,565	D
Stock Option	$13.24	11/01/2022		A(1)		13,994		(4)	06/04/2031	Common Stock	13,994	(1)	13,994	D
Stock Option	$9.1	11/01/2022		A(1)		37,840		(5)	06/10/2032	Common Stock	37,840	(1)	37,840	D

Explanation of Responses:

1. Pursuant to the business combination of Avista Public Acquisition Corp. II and OmniAb, Inc. ("Legacy OmniAb"), as contemplated by an agreement and plan of merger, dated March 23, 2022 (the "Merger Agreement"), each share of common stock, option and award of restricted stock unit of Legacy OmniAb automatically converted into the right to receive securities of the Issuer with the same terms and conditions in accordance with an exchange ratio described in the Merger Agreement.

2. Includes 8,753 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock and does not expire.

3. Includes 22,538 earn-out shares subject to forfeiture provisions described in the Merger Agreement.

4. The stock option is fully vested and exercisable.

5. The stock option fully vests on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders or (ii) on June 10, 2023.

Remarks:

	/s/ Charles S. Berkman, Attorney-in-Fact	11/03/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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