SEC Form 4 · accession 0001437749-18-000320
CYANOTECH CORP · CYAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn Jensen
Officer — VP of Manufacturing
Period of report
Dec 4, 2017
Accepted (ET)
Jan 5, 2018 · 1:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Cyanotech Corporation Common Stock | Dec 4, 2017 | M | 2,000 | $1.60 | A | 12,333 | D | |
| Cyanotech Corporation Common Stock | holding | — | — | — | 375 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cyanotech common stock optionsF1 | $1.60 | Dec 4, 2017 | M | 2,000 | D | — | Feb 21, 2018 | Cyanotech common stock | 2,000 | 0 | D |
| Cyanotech common stock optionsF2 | $2.08 | holding | — | — | — | — | Apr 30, 2019 | Cyanotech common stock | 10,000 | 10,000 | D |
| Cyanotech common stock optionsF3 | $3.58 | holding | — | — | — | — | Jun 30, 2021 | Cyanotech common stock | 8,000 | 8,000 | D |
| Cyanotech common stock optionsF4 | $3.82 | holding | — | — | — | — | Aug 28, 2021 | Cyanotech common stock | 2,000 | 2,000 | D |
| Cyanotech common stock optionsF5 | $3.82 | holding | — | — | — | — | Aug 28, 2021 | Cyanotech common stock | 35,000 | 35,000 | D |
| Cyanotech common stock optionsF6 | $5.84 | holding | — | — | — | — | Jul 18, 2022 | Cyanotech common stock | 10,000 | 10,000 | D |
| Restricted stock unitsF7,F8 | — | holding | — | — | — | — | — | Cyanotech common stock | 500 | 500 | D |
Explanation of responses
- F1Mr Jensen acquired 2,000 stock options on 2/22/2008, of which 200 options became exercisable on 2/22/2009, 400 options became exercisable on 2/22/2010, 600 options became exercisable on 2/22/2011 and 800 options became exercisable on 2/22/2012.
- F2Mr Jensen acquired 10,000 stock options on 4/30/2009, of which 1,000 options became exercisable on 4/30/2010, 2,000 options became exercisable on 4/30/2011, 3,000 options became exercisable on 4/30/2012 and 4,000 options became exercisable on 4/30/2013.
- F3Mr Jensen acquired 8,000 stock options on 7/1/2011, of which 800 options became exercisable on 7/1/2011, 1,600 options became exercisable on 7/1/2012, 2,400 options became exercisable on 7/1/2013 and 3,200 options became exercisable on 7/1/2014.
- F4Mr Jensen acquired 2,000 stock options on 8/29/2011, of which 200 options became exercisable on 8/29/2011, 400 options became exercisable on 8/29/2012, 600 options became exercisable on 8/29/2013 and 800 options became exercisable on 8/29/2014.
- F5Mr Jensen acquired 35,000 stock options on 8/29/2011, of which 7,000 options became exercisable on 8/29/2012, 7,000 options became exercisable on 8/29/2013, 7,000 options became exercisable on 8/29/2014, 7,000 options became exercisable on 8/29/2015 and 7,000 options became exercisable on 8/29/2016.
- F6Mr Jensen acquired 10,000 stock options on 7/19/2012, of which 2,500 options became exercisable on 7/19/2013, 2,500 options became exercisable on 7/19/2014, 2,500 options became exercisable on 7/19/2015 and 2,500 options became exercisable on 7/19/2016.
- F7Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech common stock.
- F8The restricted stock units shall vest as to 167 shares on 4/5/2018, 167 shares on 4/5/2019 and 166 shares on 4/5/2020, in each case subject to continued service with Cyanotech on the vesting date.