SEC Form 4 · accession 0001082038-16-000025
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 28, 2016
Accepted (ET)
Feb 1, 2016 · 7:21 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 | $1.16 | Jan 28, 2016 | A | 84,401 | A | Apr 28, 2016 | Jan 28, 2026 | Common Stock | 84,401 | 84,401 | D |
| Non-Qualified Stock Option (right to buy)F2 | $1.16 | Jan 28, 2016 | A | 167,206 | A | Jan 28, 2016 | Jan 28, 2026 | Common Stock | 167,206 | 167,206 | D |
| Non-Qualified Stock Option (right to buy)F1 | $1.16 | Jan 28, 2016 | A | 115,599 | A | Apr 28, 2016 | Jan 28, 2026 | Common Stock | 115,599 | 282,805 | D |
Explanation of responses
- F1ISO/NQ Grants Dated January 28, 2016 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.
- F2100% of the total shares of this Grant Dated January 28, 2016 shall vest on the Grant Date.