SEC Form 4 · accession 0000899243-18-028959
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Schorer
Officer — President and CEO
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 7:46 pm 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 | $0.72 | Nov 12, 2018 | A | 300,000 | A | — | Nov 12, 2018 | Common Stock | 300,000 | 300,000 | 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 monthly basis over the following three (3) years until November 12, 2022. In the event of a change of control of the Issuer, the option shall become vested in full.