$CYDY|4Dec 23, 7:48 PM ET

CYTODYN INC 4

4 · CYTODYN INC · Filed Dec 23, 2015

Form 4

Period: 2015-12-21

Director

Transactions

Disposition to Issuer
Stock Options (right to buy)
2015-12-21−15,616→ 0 total
Exercise: $1.00Exp: 2019-02-18→ Common Stock (15,616 underlying)
Award
Stock Options (right to buy)
2015-12-21+15,616→ 15,616 total
Exercise: $1.00Exp: 2024-02-18→ Common Stock (15,616 underlying)
Disposition to Issuer
Stock Options (right to buy)
2015-12-21−50,000→ 0 total
Exercise: $0.97Exp: 2020-06-01→ Common Stock (50,000 underlying)
Award
Stock Options (right to buy)
2015-12-21+50,000→ 50,000 total
Exercise: $0.97Exp: 2025-06-01→ Common Stock (50,000 underlying)

Footnotes (3)

[F1]The reported transactions involve the amendment of certain outstanding options to extend the expiration date of each by a period of five years, resulting in (for purposes of Section 16 of the Exchange Act of 1934, as amended) the deemed cancellation of the "old" option and the grant of a replacement option. There have been no changes in the exercise prices of such options, which were all at or above the closing sale price of the issuer's common stock as of the date of the reported transactions.
[F2]Such options were fully vested and exercisable as of the date of the reported transactions.
[F3]Such options were originally granted on June 1, 2015 and provide for vesting in four equal quarterly installments commencing on September 1, 2015.

Documents

1 file