Theravance's Sr. VP & Chief Scientific Off. just disposed of 10,405 shares

Theodore J. Witek, Theravance's Sr. VP & Chief Scientific Off., recently disposed of 10,405 shares of the company. The disposals took place at prices ranging from $11.86 to $12.01 per share, on dates ranging from May 20 to May 22, 2017. Witek still owns 244,153 shares of the company. Witek operates out of Brisbane, CA. Some additional info was provided as follows:

The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity awards. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the st aff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. This sale was effected for tax planning purposes. Includes 776 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on May 15, 2017.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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