SEC Form 4 · accession 0001019687-16-006564
Avid Bioservices, Inc. · CDMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shelley PM Fussey
Officer — V.P., Intellectual Property
Period of report
Jun 2, 2016
Accepted (ET)
Jun 3, 2016 · 7:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704562
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 | $0.5001 | Jun 2, 2016 | A | 150,000 | A | Sep 2, 2016 | Jun 2, 2026 | Common Stock | 150,000 | 893,000 | D |
Explanation of responses
- F1This option vests in eight (8) equal quarterly installments over a two (2) year period beginning September 2, 2016 and each quarter thereafter until fully-vested.