SEC Form 4 · accession 0001082038-17-000007
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
Jun 19, 2017
Accepted (ET)
Jun 21, 2017 · 2:11 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 | $1.40 | Jun 19, 2017 | A | 47,170 | A | Sep 19, 2017 | Jun 19, 2027 | Common Stock | 47,170 | 47,170 | D |
Explanation of responses
- F1This Grant Dated June 19, 2017 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 salary reduction of $50,000.