SEC Form 4 · accession 0000899243-16-027498
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Murphy
Officer — Chief Financial Officer
Period of report
Aug 16, 2016
Accepted (ET)
Aug 18, 2016 · 12:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001245791
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $1.35 | Aug 16, 2016 | A | 50,000 | A | — | Aug 16, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The option vests over a four (4) year period, with one quarter (1/4) of the shares vesting on the one (1) year anniversary of the date of grant, and the remaining shares vesting in equal amounts on a quarterly basis over the following three (3) years until August 16, 2020. In the event of a change of control of the Issuer, the option shall become vested in full.