SEC Form 4 · accession 0000908662-16-000388
DYAX CORP · DYAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gustav Christensen
Officer — CEO and President · Director
Period of report
Jan 11, 2016
Accepted (ET)
Jan 13, 2016 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000907562
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 11, 2016 | M | 200,000 | $1.48 | A | 506,512 | D | |
| Common Stock | Jan 11, 2016 | M | 16,667 | $3.00 | A | 523,179 | 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 | $1.48 | Jan 11, 2016 | M | 200,000 | D | — | Feb 24, 2022 | Common Stock | 200,000 | 100,000 | D |
| Stock Option (right to buy)F2 | $3.00 | Jan 11, 2016 | M | 16,667 | D | — | Feb 7, 2023 | Common Stock | 67,967 | 315,366 | D |
Explanation of responses
- F1The options become exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, February 24, 2012 (with any fractional shares to be cumulated and to become exercisable at the end of the earliest succeeding monthly period in which a whole share equivalent is accumulated).
- F2The options were fully exercisable as of May 14, 2013.