Tetraphase Pharmaceuticals, Inc. (TTPH)

[rusty8350]

See here, where they discuss new CFO options to purchase shares from 10/16 filing:


Inducement Equity Awards:

Additionally, Tetraphase's Compensation Committee of the Board of Directors approved, pursuant to Rule 5635(c)(4) of the Nasdaq Global Select Market, options to Ms. Unninayar to purchase 190,000 shares of Tetraphase's common stock. The option was granted as an inducement equity award outside Tetraphase's 2013 Stock Incentive Plan and was made as an inducement material to Ms. Unninayar’s acceptance of employment with Tetraphase. The option grant has an exercise price equal to the closing price of Tetraphase's common stock on November 15, 2017. The option has a ten-year term and vests over four years, with 25% of the original number of shares vesting on November 15, 2018 and an additional 6.25% of the original number of shares vesting at the end of each successive quarter thereafter, subject to Ms. Unninayar’s continued service with Tetraphase through the applicable vesting dates.

You're referring to this from yesterday:

https://www.sec.gov/Archives/edgar/data/1373707/000120919117061004/xslF345X03/doc4.xml

That's the form showing that she did choose (the new cfo) to acquire those shares and the form 4 is to show that she now owns them. She cannot sell them now, only 25% will vest by this time next year.