Annual report pursuant to Section 13 and 15(d)

Claims Settlement

v3.6.0.2
Claims Settlement
12 Months Ended
Dec. 31, 2016
Claims Settlement Disclosure [Abstract]  
Claims Settlement

NOTE 15 – CLAIMS SETTLEMENT

In September 2015 the Company received $14.5 million as a settlement with certain institutional investors that were beneficial owners of Sangamo’s common stock related to the disgorgement of short-swing profits pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended.  The settlement of $9.5 million, net of a $5.0 million income tax benefit and certain expenses, was recognized as additional paid-in capital.