SEC Form 4 · accession 0001437749-18-021765

AIRXPANDERS INC · AXP.AX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CFO and COO

Period of report

Dec 7, 2018

Accepted (ET)

Dec 7, 2018 · 7:16 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001387156

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Rt to Buy)^F2,F1	$2.64	Dec 7, 2018	D	143,634	D	—	Aug 14, 2026	Common Stock A	143,634	0	D
Stock Option (Rt to Buy)^F2,F1	$2.64	Dec 7, 2018	D	96,366	D	—	Aug 14, 2026	Common Stock A	96,366	0	D
Stock Option (Rt to Buy)^F2,F1	$2.00	Dec 7, 2018	D	4,189	D	—	Feb 20, 2027	Common Stock A	4,189	0	D
Stock Option (Rt to Buy)^F2,F1	$2.00	Dec 7, 2018	D	10,172	D	—	Feb 20, 2027	Common Stock A	10,172	0	D
Stock Option (Rt to Buy)^F2,F3	$1.35	Dec 7, 2018	D	73,186	D	—	Feb 12, 2028	Common Stock A	73,186	0	D
Stock Option (Rt to Buy)^F2,F3	$1.35	Dec 7, 2018	D	526,814	D	—	Feb 12, 2028	Common Stock A	526,814	0	D
Stock Option (Rt to Buy)^F2,F1	$1.15	Dec 7, 2018	D	17,859	D	—	Mar 4, 2028	Common Stock A	17,859	0	D
Stock Option (Rt to Buy)^F2,F1	$1.15	Dec 7, 2018	D	78,378	D	—	Mar 4, 2028	Common Stock A	78,378	0	D
Stock Option (Rt to Buy)^F2,F4	$0.07	Dec 7, 2018	A	950,598	A	—	Dec 6, 2028	Common Stock A	950,598	950,598	D

F1The option grant provided for 25% of the option shares to vest one year after the grant date. Thereafter, the remaining balance of the option shares vested in a series of 36 equal consecutive monthly installments until fully vested.
F2On December 7, 2018, the issuer canceled, pursuant to the issuer's option exchange program, the following options: options granted on 8/15/16 for 143,634 shares and 96,366 shares; options granted on 2/21/2017 for 4,189 shares and 10,172 shares; options granted on 2/13/2018 for 73,186 shares and 526,814 shares; and options granted on 3/5/2018 for 17,859 shares and 78,378 shares. In exchange, the reporting person received a new option of 950,598 shares having an exercise price of $0.07 per share.
F3The option grant provided for 100% of the option shares to vest three years after the grant date.
F4The option grant provides for 25% of the option shares to vest one year after the grant date. Thereafter, the remaining balance of the option shares vests in a series of 36 equal consecutive monthly installments until fully vested, provided that at each such vesting date, the reporting person shall then be providing service (as defined in the Option Plan) to the Company.