SEC Form 4 · accession 0001082038-17-000008
DURECT CORP · DRRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon X Benito
Director
Period of report
Jun 19, 2017
Accepted (ET)
Jun 21, 2017 · 2:12 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)F1 | $1.40 | Jun 19, 2017 | A | 55,000 | A | Jun 18, 2018 | Jun 19, 2027 | Common Stock | 55,000 | 55,000 | D |
| Non-Qualified Stock Option (right to buy)F3,F2 | $1.40 | Jun 19, 2017 | A | 16,038 | A | Sep 19, 2017 | Jun 19, 2027 | Common Stock | 16,038 | 71,038 | D |
Explanation of responses
- F1100% of the total shares of this Grant Dated June 19, 2017 shall vest on the day before the first year anniversary of the Grant Date.
- F2This 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.
- F3This Option was issued to the reporting person in lieu of a cash retainer of $17,000.