SEC Form 4 · accession 0001082038-17-000014
DURECT CORP · DRRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dave Hoffmann
Director
Period of report
Sep 21, 2017
Accepted (ET)
Sep 21, 2017 · 7:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082038
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 21, 2017 | M | 35,000 | $1.19 | A | 60,000 | D | |
| Common Stock | Sep 21, 2017 | M | 35,000 | $1.05 | A | 95,000 | D | |
| Common Stock | Sep 21, 2017 | M | 25,000 | $0.8198 | A | 120,000 | D | |
| Common StockF1 | holding | — | — | — | 248,000 | I | by Trust |
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 | $0.8198 | Sep 21, 2017 | M | 25,000 | D | Jun 19, 2013 | Jun 20, 2022 | Common Stock | 25,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $1.05 | Sep 21, 2017 | M | 35,000 | D | Jun 24, 2014 | Jun 25, 2023 | Common Stock | 35,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $1.19 | Sep 21, 2017 | M | 35,000 | D | Jun 21, 2017 | Jun 22, 2026 | Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1Held by David R. and Judy A. Hoffmann, Co-Trustees for the David R. and Judy A Hoffmann Trust UD 11/14/79.
- F2100% of the total shares of this Grant Dated June 20, 2012 shall vest on the day before the first year anniversary of the Grant Date.
- F3100% of the total shares of this Grant Dated June 25, 2013 shall vest on the day before the first year anniversary of the Grant Date.
- F4100% of the total shares of this Grant Dated June 22, 2016 shall vest on the day before the first year anniversary of the Grant Date.