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Kythera Biopharmaceuticals Announces Limited Lock-Up Release of Shares for Charitable Donation
12/19/2012 9:54:42 AM
LOS ANGELES--(BUSINESS WIRE)--KYTHERA Biopharmaceuticals, Inc. (NASDAQ: KYTH) announced today that J.P. Morgan Securities LLC and Goldman, Sachs & Co., the lead book-running managers in the Company’s recent public sale of 5,060,000 shares of common stock, are releasing a lock-up restriction with respect to 7,563 shares of the Company’s common stock held by Keith Leonard, President and Chief Executive Officer of the Company, to allow Mr. Leonard to make a charitable donation to a not-for-profit entity. The release will take effect on December 21, and the shares will be transferred to the not-for-profit entity and may be sold by that entity on or after such date.
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