SEC Form 4 · accession 0001082038-19-000001
DURECT CORP · DRRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Arenberg
Officer — Chief Financial Officer
Period of report
Jan 23, 2019
Accepted (ET)
Jan 25, 2019 · 7:43 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 | $0.5767 | Jan 23, 2019 | A | 89,375 | A | Apr 23, 2019 | Jan 23, 2029 | Common Stock | 89,375 | 89,375 | D |
| Non-Qualified Stock Option (right to buy)F2 | $0.5767 | Jan 23, 2019 | A | 86,335 | A | Jan 23, 2019 | Jan 23, 2029 | Common Stock | 86,335 | 86,335 | D |
| Non-Qualified Stock Option (right to buy)F1 | $0.5767 | Jan 23, 2019 | A | 20,625 | A | Apr 23, 2019 | Jan 23, 2029 | Common Stock | 20,625 | 106,960 | D |
Explanation of responses
- F1ISO/NQ Grants Dated January 23, 2019 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 23, 2019 shall vest on the Grant Date.