SEC Form 4 · accession 0001082038-15-000001
DURECT CORP · DRRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Brown
Officer — President & CEO · Director
Period of report
Jan 9, 2015
Accepted (ET)
Jan 13, 2015 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082038
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F1 | $0.88 | Jan 9, 2015 | A | 91,527 | A | Apr 9, 2015 | Jan 9, 2025 | Common Stock | 91,527 | 91,527 | D |
| Non-Qualified Stock Option (right to buy)F1 | $0.88 | Jan 9, 2015 | A | 158,473 | A | Apr 9, 2015 | Jan 9, 2025 | Common Stock | 158,473 | 158,473 | D |
Explanation of responses
- F1ISO/NQ Grants Dated January 9, 2015 combined will vest as follows: one-sixteenth (1/16) of the total shares subject to the option shall vest quarterly over four (4) years following the Grant Date.