SEC Form 4 · accession 0000908662-16-000393
DYAX CORP · DYAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Burt A Adelman
Officer — CMO & EVP, R&D
Period of report
Jan 13, 2016
Accepted (ET)
Jan 15, 2016 · 4:20 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 13, 2016 | M | 140,268 | $1.48 | A | 205,893 | D | |
| Common Stock | Jan 13, 2016 | M | 1,458 | $2.29 | A | 207,351 | D | |
| Common Stock | Jan 13, 2016 | M | 1,251 | $3.00 | A | 208,602 | 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 13, 2016 | M | 140,268 | D | — | Feb 24, 2022 | Common Stock | 140,268 | 42,232 | D |
| Stock Option (right to buy)F2 | $2.29 | Jan 13, 2016 | M | 1,458 | D | — | Oct 10, 2022 | Common Stock | 1,458 | 68,542 | D |
| Stock Option (right to buy)F3 | $3.00 | Jan 13, 2016 | M | 1,251 | D | — | Feb 7, 2023 | Common Stock | 1,251 | 233,749 | D |
Explanation of responses
- F1The option becomes exercisable in 48 substantially equal installments, beginning on March 24, 2012, at the end of each monthly anniversary of the date of grant (February 24, 2012).
- F2The option becomes exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, October 10, 2012.
- F3The option becomes exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, February 7, 2013.