Pfenex Inc. 4
4 · Pfenex Inc. · Filed May 25, 2016
Insider Transaction Report
Form 4
Pfenex Inc.PFNX
Lady Patricia
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2016-05-24$0.31/sh+2,000$620→ 4,100 total - Sale
Common Stock
2016-05-24$6.52/sh−2,000$13,043→ 2,100 total - Exercise/Conversion
Stock Option (right to buy)
2016-05-24−2,000→ 39,519 totalExercise: $0.31Exp: 2020-02-03→ Common Stock (2,000 underlying)
Footnotes (3)
- [F1]Includes 700 shares acquired under the PFNX employee stock purchase plan on February 16, 2016.
- [F2]Represents the weighted average share price of an aggregate total of 2,000 shares sold in the price range of $6.52 to $6.54 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]Subject to the reporting person's continuing service, twenty five percent (25%) of the shares subject to the option shall vest and become exercisable on the one (1) year anniversary of the vesting commencement date, and, thereafter, one forty-eighty (1/48th) of the share subject to the option shall vest and become exercisable each month on the same day as the vesting commencement date, such that the shares subject to the option shall become fully vested and exercisable on the fourth (4th) anniversary of the vesting commencement date. The vesting commencement date for this option is December 28, 2009.