SEC Form 4 · accession 0000899243-17-001157
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oern Stuge
Director
Period of report
Jan 4, 2017
Accepted (ET)
Jan 12, 2017 · 8:28 am EST
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 | $0.76 | Jan 4, 2017 | A | 30,000 | A | — | Jan 4, 2027 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1The option grant was approved by GI Dynamics, Inc.'s board of directors on January 4, 2017, subject to shareholder approval. The option vests over a three (3) year period, with one third (1/3) 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 two (2) years until January 4, 2020. In the event of a change of control of the Issuer, the option shall become vested in full.
Remarks
Exhibit List Exhibit 24.1 - Power of Attorney