GI DYNAMICS, INC. 4
4 · GI DYNAMICS, INC. · Filed Mar 24, 2016
Insider Transaction Report
Form 4
Schorer Scott
President and CEO
Transactions
- Award
Stock Option (right to buy)
2016-03-23+250,000→ 250,000 totalExercise: $0.80Exp: 2026-03-23→ Common Stock (250,000 underlying)
Footnotes (1)
- [F1]The option vests over a four (4) year period, with one quarter (1/4) of the shares on the one (1) year anniversary of the date of grant, and the remaining shares vesting in equal amounts on a quarterly basis over the following three (3) years until March 23, 2020. In the event of a change of control of the Issuer, the option shall become vested in full.