SEC Form 4 · accession 0001437749-18-001095
CYANOTECH CORP · CYAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mawae Morton
Officer — CEO · Director
Period of report
Jan 24, 2018
Accepted (ET)
Jan 24, 2018 · 6:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768408
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cyanotech common stock optionsF1 | $3.83 | Jan 24, 2018 | A | 45,000 | A | — | Jan 24, 2028 | Cyanotech common stock | 45,000 | 45,000 | D |
| Cyanotech common stock optionsF2 | $3.35 | holding | — | — | — | — | Jul 14, 2027 | Cyanotech common stock | 75,000 | 75,000 | D |
Explanation of responses
- F1The stock options shall vest as to 15,000 shares on January 24, 2019, 15,000 shares on January 24, 2020 and 15,000 shares on January 24, 2021, in each case subject to continued service with Cyanotech on the vesting date.
- F2The stock options shall vest as to 25,000 shares on July 14, 2018, 25,000 shares on July 14, 2019 and 25,000 shares on July 14, 2020, in each case subject to continued service with Cyanotech on the vesting date.