SEC Form 4 · accession 0001437749-18-013430
CYANOTECH CORP · CYAN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mawae Morton
Officer — CEO · Director
Period of report
Jul 13, 2018
Accepted (ET)
Jul 18, 2018 · 2:58 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF1,F2 | — | Jul 13, 2018 | A | 1,959 | A | — | — | Cyanotech common stock | 1,959 | 1,959 | D |
| Restricted stock unitsF1,F3 | — | holding | — | — | — | — | — | Cyanotech common stock | 67 | 67 | D |
| Cyanotech common stock optionsF4 | $3.35 | holding | — | — | — | — | Jul 14, 2027 | Cyanotech common stock | 75,000 | 75,000 | D |
| Cyanotech common stock optionsF5 | $3.83 | holding | — | — | — | — | Jan 24, 2028 | Cyanotech common stock | 45,000 | 45,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech common stock.
- F2The restricted stock units shall vest as to 653 shares on July 13, 2019, 653 shares on July 13, 2020, and 653 shares on July 13, 2021, in each case subject to the reporting person's continued service with Cyanotech on the vesting date.
- F3The restricted stock units shall vest as to 33 shares on April 5, 2019 and 34 shares on April 5, 2020, in each case subject to the reporting person's continued service with Cyanotech on the vesting date.
- F4The 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.
- F5The 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.