SEC Form 4 · accession 0000899243-17-014226
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oern Stuge
Director
Period of report
May 22, 2017
Accepted (ET)
May 24, 2017 · 3:23 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)F2,F1 | $2.33 | May 22, 2017 | A | 8,000 | A | — | Apr 10, 2027 | Common Stock | 8,000 | 8,000 | D |
Explanation of responses
- F1The option grant was approved by the Issuer's board of directors on April 10, 2017, subject to shareholder approval, and by the shareholders of the Issuer on May 22, 2017. The option vests in a single installment on April 10, 2018. In the event of a change of control of the Issuer, the option shall become vested in full.
- F2The board of directors of the Issuer previously approved a stock option grant to purchase 30,000 shares of the Issuer, as reported in the reporting person's Form 4 filed on January 12, 2017. The option grant was subject to shareholder approval, which was not obtained. As such, the option was not granted.