SEC Form 4 · accession 0001082038-16-000050
DURECT CORP · DRRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon X Benito
Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 7:33 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2,F1 | $1.35 | Mar 31, 2016 | A | 14,423 | A | Jun 30, 2016 | Mar 31, 2026 | Common Stock | 14,423 | 14,423 | D |
Explanation of responses
- F1This Grant Dated March 31, 2016 will vest as follows: one-fourth (1/4) of the total shares subject to the option shall vest quarterly over one (1) year following the Grant Date.
- F2This Option was issued to the reporting person in lieu of a cash retainer of $15,000.