SEC Form 4 · accession 0000899243-18-014246
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juliet Thompson
Director
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 4:05 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 | $1.67 | May 24, 2018 | A | 30,000 | A | — | Aug 22, 2027 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1The option grant was approved by the Issuer's board of directors on August 22, 2017, subject to shareholder approval, and by the shareholders of the Issuer on May 24, 2018. 1/3 of the option vests on August 22, 2018 and the remainder vests in eight substantially equal installments on a quarterly basis thereafter. In the event of a change of control of the Issuer, the option shall become vested in full.