SEC Form 4 · accession 0001437749-19-003712
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
Feb 28, 2019
Accepted (ET)
Mar 1, 2019 · 10:40 am 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 common stock | Feb 28, 2019 | F | 3,004 | $3.5099 | D | 16,486 | D | |
| Cyanotech common stock | Feb 28, 2019 | M | 5,000 | $2.08 | A | 19,490 | D | |
| Cyanotech 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 optionsF4 | $2.08 | Feb 28, 2019 | M | 5,000 | D | — | Apr 30, 2019 | Cyanotech common stock | 5,000 | 0 | D |
| Cyanotech common stock optionsF5 | $3.58 | holding | — | — | — | — | Jun 30, 2021 | Cyanotech common stock | 8,000 | 8,000 | D |
| Cyanotech common stock optionsF6 | $3.82 | holding | — | — | — | — | Aug 28, 2021 | Cyanotech common stock | 2,000 | 2,000 | D |
| Cyanotech common stock optionsF8 | $3.82 | holding | — | — | — | — | Aug 28, 2021 | Cyanotech common stock | 35,000 | 35,000 | D |
| Cyanotech common stock optionsF7 | $5.84 | holding | — | — | — | — | Jul 18, 2022 | Cyanotech common stock | 10,000 | 10,000 | D |
| Restricted stock unitsF1,F3 | — | holding | — | — | — | — | — | Cyanotech common stock | 333 | 333 | D |
| Restricted stock unitsF1,F2 | — | holding | — | — | — | — | — | Cyanotech common stock | 1,505 | 1,505 | 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 502 shares on July 13, 2019, 502 shares on July 13, 2020 and 501 shares on July 13, 2021, in each case subject to continued service with Cyanotech on the vesting date.
- F3The restricted stock units shall vest as to 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.
- F4Mr 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.
- F5Mr 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.
- F6Mr 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.
- F7Mr 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.
- F8Mr 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.