SEC Form 4 · accession 0000908662-16-000397
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 14, 2016
Accepted (ET)
Jan 15, 2016 · 4:23 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 14, 2016 | M | 523,955 | $1.41 | A | 1,047,134 | D | |
| Common Stock | Jan 14, 2016 | M | 87,500 | $1.48 | A | 1,134,634 | D | |
| Common Stock | Jan 14, 2016 | M | 333,333 | $2.06 | A | 1,467,967 | D | |
| Common Stock | Jan 14, 2016 | M | 93,749 | $2.06 | A | 1,561,716 | D | |
| Common Stock | Jan 14, 2016 | M | 93,750 | $2.06 | A | 1,655,466 | D | |
| Common Stock | Jan 14, 2016 | M | 46,874 | $2.06 | A | 1,702,340 | D | |
| Common Stock | Jan 14, 2016 | M | 57,000 | $2.06 | A | 1,759,340 | D | |
| Common Stock | Jan 14, 2016 | M | 218,749 | $2.06 | A | 1,978,089 | D | |
| Common Stock | Jan 14, 2016 | M | 207,033 | $3.00 | A | 2,185,122 | D | |
| Common Stock | Jan 14, 2016 | M | 137,500 | $10.20 | A | 2,322,622 | D | |
| Common Stock | Jan 14, 2016 | M | 125,000 | $15.23 | A | 2,447,622 | 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 | $1.91 | Jan 14, 2016 | M | 523,955 | D | — | Feb 10, 2021 | Common Stock | 523,955 | 0 | D |
| Stock Option (right to buy)F2 | $1.48 | Jan 14, 2016 | M | 87,500 | D | — | Feb 24, 2022 | Common Stock | 87,500 | 12,500 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 333,333 | D | — | Feb 10, 2020 | Common Stock | 333,333 | 0 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 93,749 | D | — | Aug 7, 2018 | Common Stock | 93,749 | 0 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 93,750 | D | — | Feb 13, 2018 | Common Stock | 93,750 | 0 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 46,874 | D | — | Jul 2, 2017 | Common Stock | 46,874 | 0 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 57,000 | D | — | Jun 20, 2017 | Common Stock | 57,000 | 0 | D |
| Stock Option (right to buy)F3 | $2.06 | Jan 14, 2016 | M | 218,749 | D | — | Jan 2, 2019 | Common Stock | 218,749 | 0 | D |
| Stock Option (right to buy)F4 | $3.00 | Jan 14, 2016 | M | 207,033 | D | — | Feb 7, 2023 | Common Stock | 207,033 | 108,333 | D |
| Stock Option (right to buy)F5 | $10.20 | Jan 14, 2016 | M | 137,500 | D | — | Feb 27, 2024 | Common Stock | 137,500 | 162,500 | D |
| Stock Option (right to buy)F6 | $15.23 | Jan 14, 2016 | M | 125,000 | D | — | Feb 18, 2025 | Common Stock | 125,000 | 475,000 | D |
Explanation of responses
- F1The options were fully exercisable as of February 10, 2015.
- F2The 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.
- F3The options were fully exercisable as of June 20, 2014.
- F4The options become exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, February 7, 2013.
- F5The options become exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, February 27, 2014.
- F6The options become exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, February 18, 2015.