SEC Form 4 · accession 0001683168-18-001187
Avid Bioservices, Inc. · CDMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger J. Lias
Officer — President & CEO · Director
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 8:03 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 | $3.38 | May 1, 2018 | A | 50,000 | A | Sep 25, 2018 | May 1, 2028 | Common Stock | 50,000 | 200,000 | D |
Explanation of responses
- F1This option represents the balance of the approved stock option grant to Dr. Lias' upon commencement of employment on September 25, 2017 as reported by the Issuer in its Current Report on Form 8-K filed with the Commission on September 14, 2017. The option vests in four (4) equal installments with the first installment vesting on September 25, 2018, the one year anniversary of his employment start date, and annually thereafter until fully-vested.