As filed with the Securities and Exchange Commission on March 11, 2020
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Gritstone Oncology, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 47-4859534 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) | |
5959 Horton Street, Suite 300 Emeryville, California |
94608 | |
(Address of Principal Executive Offices) | (Zip Code) |
2018 Incentive Award Plan
2018 Employee Stock Purchase Plan
(Full Title of the Plan)
Andrew Allen, M.D., Ph.D.
President and Chief Executive Officer
Gritstone Oncology, Inc.
5959 Horton Street, Suite 300
Emeryville, California 94608
(510) 871-6100
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Alan C. Mendelson, Esq.
Brian J. Cuneo, Esq.
Latham & Watkins LLP
140 Scott Drive
Menlo Park, California 94025
Telephone: (650) 328-4600
Facsimile: (650) 463-2600
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☒ | |||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||
Emerging growth company | ☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☒
CALCULATION OF REGISTRATION FEE
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Title of Each Class of Securities to be Registered |
Amount to be Registered(1) |
Proposed Maximum Offering Price Per Share(2) |
Proposed Maximum Aggregate Offering Price(2) |
Amount of Registration Fee | ||||
Common Stock, $0.0001 par value per share |
1,454,553(3) | $8.015 | $11,658,242 | $1,513 | ||||
Common Stock, $0.0001 par value per share |
363,638(4) | $8.015 | $2,914,559 | $379 | ||||
Total: |
1,818,191 | $14,572,801 | $1,892 | |||||
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(1) | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the Securities Act), this registration statement shall also cover any additional shares of the Registrants common stock that become issuable under the 2018 Incentive Award Plan (the 2018 Plan) and the 2018 Employee Stock Purchase Plan (the ESPP) by reason of any stock dividend, stock split, recapitalization or similar transaction effected without the Registrants receipt of consideration which would increase the number of outstanding shares of common stock. |
(2) | Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under the Securities Act. The proposed maximum offering price per share and the proposed maximum aggregate offering price for shares reserved for future issuance under the 2018 Plan and the ESPP are based on the average of the high and the low price of Registrants Common Stock as reported on The Nasdaq Global Select Market on March 6, 2020. |
(3) | Represents the additional shares of the Registrants common stock available for future issuance under the 2018 Plan resulting from an annual increase as of January 1, 2020. |
(4) | Represents the additional shares of the Registrants common stock available for future issuance under the ESPP resulting from an annual increase as of January 1, 2020. |
Proposed sale to take place as soon after the effective date of the
registration statement as awards under the plans are exercised and/or vest.
REGISTRATION OF ADDITIONAL SECURITIES
By a registration statement on Form S-8 filed with the Securities and Exchange Commission (the SEC) on October 2, 2018 (File No. 333-227665) (the Original Registration Statement), Gritstone Oncology, Inc. (the Registrant) registered 2,782,920 shares of common stock, par value $0.0001 per share (the Common Stock), issuable under the Gritstone Oncology, Inc. 2018 Incentive Award Plan (the 2018 Plan), and 282,334 shares of Common Stock issuable under the Gritstone Oncology, Inc. 2018 Employee Stock Purchase Plan (the ESPP). The Original Registration Statement also registered 2,355,270 shares of Common Stock issuable under the Gritstone Oncology, Inc. 2015 Equity Incentive Plan, as amended (the 2015 Plan), which shares become available for issuance under the 2018 Plan to the extent awards under the 2015 Plan are forfeited or lapse unexercised and are not issued under the 2015 Plan. By a registration statement on Form S-8 filed with the SEC on March 28, 2019 (File No. 333-230581) (the 2019 Registration Statement), the Registrant registered an additional 1,160,000 shares of Common Stock issuable under the 2018 Plan and an additional 290,000 shares of Common Stock issuable under the ESPP. The Registrant is hereby registering an additional 1,454,553 shares of Common Stock issuable under the 2018 Plan and an additional 363,638 shares of Common Stock issuable under the ESPP, which shares are now available for grant due to automatic annual increase provisions in the 2018 Plan and ESPP.
INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENT ON FORM S-8
Pursuant to Instruction E of Form S-8, the contents of the Original Registration Statement and 2019 Registration Statement are incorporated by reference in this registration statement on Form S-8.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information called for in Part I of Form S-8 is not being filed with or included in this Form S-8 (by incorporation by reference or otherwise) in accordance with the rules and regulations of the SEC.
Item 8. Exhibits.
# | Indicates management contract or compensatory plan. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Emeryville, California, on this 11th day of March, 2020.
Gritstone Oncology, Inc. | ||
By: | /s/ Andrew Allen | |
Andrew Allen, M.D., Ph.D. | ||
President and Chief Executive Officer |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint Andrew Allen, M.D., Ph.D. and Jean-Marc Bellemin and each of them, with full power of substitution and full power to act without the other, his or her true and lawful attorney-in-fact and agent to act for him or her in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file this registration statement, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same as fully, to all intents and purposes, as they or he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signature | Title | Date | ||
|
| |||
/s/ Andrew Allen Andrew Allen, M.D., Ph.D. |
President, Chief Executive Officer and Director (Principal Executive Officer) |
March 11, 2020 | ||
/s/ Jean-Marc Bellemin Jean-Marc Bellemin |
Executive Vice President, Chief Financial Officer (Principal Financial and Accounting Officer) |
March 11, 2020 | ||
/s/ Richard Heyman Richard Heyman, Ph.D. |
Director | March 11, 2020 | ||
/s/ Elaine Jones Elaine Jones, Ph.D. |
Director | March 11, 2020 | ||
/s/ Steve Krognes Steve Krognes |
Director | March 11, 2020 | ||
/s/ Judith Li Judith Li |
Director | March 11, 2020 | ||
/s/ Nicholas Simon Nicholas Simon |
Director | March 11, 2020 | ||
/s/ Thomas Woiwode Thomas Woiwode, Ph.D. |
Director | March 11, 2020 |
Exhibit 5.1
140 Scott Drive | ||||||
Menlo Park, California 94025 | ||||||
Tel: +1.650.328.4600 Fax: +1.650.463.2600 | ||||||
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www.lw.com
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FIRM / AFFILIATE OFFICES | ||||||
Beijing | Moscow | |||||
Boston | Munich | |||||
Brussels | New York | |||||
Century City | Orange County | |||||
Chicago | Paris | |||||
Dubai | Riyadh | |||||
March 11, 2020 | Düsseldorf | San Diego | ||||
Frankfurt | San Francisco | |||||
Hamburg | Seoul | |||||
Hong Kong | Shanghai | |||||
Houston | Silicon Valley | |||||
London | Singapore | |||||
Los Angeles | Tokyo | |||||
Madrid | Washington, D.C |
.
Gritstone Oncology, Inc.
5959 Horton Street, Suite 300
Emeryville, CA 94608
Re: | Registration Statement on Form S-8; 1,818,191 shares of Common Stock of Gritstone Oncology, Inc., par value $0.0001 per share |
Ladies and Gentlemen:
We have acted as special counsel to Gritstone Oncology, Inc., a Delaware corporation (the Company), in connection with the registration by the Company of an aggregate of 1,818,191 shares of common stock of the Company, par value $0.0001 per share (the Shares), issuable under the Companys 2018 Incentive Award Plan (the 2018 Plan) and 2018 Employee Stock Purchase Plan (the ESPP and together with the 2018 Plan, the Plans).
The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the Act), filed with the Securities and Exchange Commission (the Commission) on March 11, 2020 (the Registration Statement). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the related prospectuses, other than as expressly stated herein with respect to the issuance of the Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the DGCL), and we express no opinion with respect to any other laws.
March 11, 2020
Page 2
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers and have been issued by the Company against payment therefor in the circumstances contemplated by the Plans, assuming in each case that the individual issuances, grants or awards under the Plans are duly authorized by all necessary corporate action and duly issued, granted or awarded and exercised in accordance with the requirements of law and the applicable Plans (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Very truly yours,
/s/ Latham & Watkins LLP
Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2018 Incentive Award Plan and 2018 Employee Stock Purchase Plan of Gritstone Oncology, Inc. of our report dated March 11, 2020, with respect to the financial statements of Gritstone Oncology, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2019, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Redwood City, California
March 11, 2020