SEC Form 4 · accession 0001209191-15-051898
GI DYNAMICS, INC. · GID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Dale
Officer — President and CEO · Director
Period of report
Jun 9, 2015
Accepted (ET)
Jun 10, 2015 · 4:49 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 | $5.38 | Jun 9, 2015 | A | 31,363 | A | — | Apr 10, 2025 | Common Stock | 31,363 | 31,363 | D |
Explanation of responses
- F1The option grant was approved by GI Dynamics, Inc.'s board of directors on April 10, 2015, subject to shareholder approval. Such shareholder approval was received on June 9, 2015.The option vests over a four-year period at a rate of 2.083% of the total shares on the same day of each successive month until April 10, 2019.