Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v3.6.0.2
Employee Benefit Plan
12 Months Ended
Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plan

NOTE 12 – EMPLOYEE BENEFIT PLAN

The Company sponsors a defined-contribution savings plan under Section 401(k) of the Internal Revenue Code covering all full-time employees (Sangamo 401(k) Plan). The Sangamo 401(k) Plan is intended to qualify under Section 401 of the Internal Revenue Code.

The Company matched contributions by employees equal to 50% of the first 6% of employee contributions up to a limit of $3,000 in both 2016 and 2015 and $2,000 in 2014. Matching funds are fully vested when contributed. Contributions to the Sangamo 401(k) Plan by the Company were $0.3 million, $0.3 million, and $0.2 million for the years ended December 31, 2016, 2015 and 2014, respectively.