SEC Form 3 · accession 0001683168-18-001993
Avid Bioservices, Inc. · CDMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Michael Hedberg
Officer — Principal Fin. & Acct. Officer
Period of report
Jul 11, 2018
Accepted (ET)
Jul 20, 2018 · 5:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000704562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value | holding | — | — | — | 9,687 | D |
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 | $20.51 | holding | — | — | — | — | Feb 1, 2020 | Common Stock | 4,286 | — | D |
| Stock Option (right to buy)F1 | $28.00 | holding | — | — | — | — | Apr 15, 2020 | Common Stock | 714 | — | D |
| Stock Option (right to buy)F1 | $17.08 | holding | — | — | — | — | May 2, 2021 | Common Stock | 2,143 | — | D |
| Stock Option (right to buy)F1 | $6.65 | holding | — | — | — | — | Feb 17, 2022 | Common Stock | 4,107 | — | D |
| Stock Option (right to buy)F1 | $3.22 | holding | — | — | — | — | May 4, 2022 | Common Stock | 6,196 | — | D |
| Stock Option (right to buy)F1 | $8.26 | holding | — | — | — | — | Dec 27, 2022 | Common Stock | 7,500 | — | D |
| Stock Option (right to buy)F1 | $9.87 | holding | — | — | — | — | May 6, 2023 | Common Stock | 7,295 | — | D |
| Stock Option (right to buy)F1 | $12.25 | holding | — | — | — | — | May 6, 2024 | Common Stock | 10,095 | — | D |
| Stock Option (right to buy)F1 | $9.17 | holding | — | — | — | — | May 11, 2025 | Common Stock | 7,642 | — | D |
| Stock Option (right to buy)F1 | $3.50 | holding | — | — | — | — | Jun 2, 2026 | Common Stock | 9,971 | — | D |
| Restricted Stock RightF3,F2 | — | holding | — | — | — | — | — | Common Stock | 800 | — | D |
Explanation of responses
- F1The option is fully vested under the terms of the original option agreement.
- F2The restricted stock right vests in four (4) equal annual installments over a four (4) year period beginning June 15, 2019 and each year thereafter until fully-vested.
- F3Each restricted stock right represents the contingent right to receive one share of common stock upon vesting.