Meller Gary 4
4 · CHEMBIO DIAGNOSTICS, INC. · Filed Feb 27, 2018
Insider Transaction Report
Form 4
Meller Gary
Director
Transactions
- Exercise/Conversion
Options to purchase common stock
2018-02-26−8,750→ 0 totalExercise: $3.48From: 2015-06-19Exp: 2019-06-19→ Common Stock (8,750 underlying) - Exercise/Conversion
Options to purchase common stock
2018-02-26−9,375→ 0 totalExercise: $3.48From: 2017-06-19Exp: 2019-06-19→ Common Stock (9,375 underlying) - Exercise/Conversion
Common Stock
2018-02-26$3.48/sh+36,875$128,325→ 151,875 total - Tax Payment
Common Stock
2018-02-26−17,272→ 134,603 total - Exercise/Conversion
Options to purchase common stock
2018-02-26−9,375→ 0 totalExercise: $3.48From: 2016-06-19Exp: 2019-06-19→ Common Stock (9,375 underlying) - Exercise/Conversion
Options to purchase common stock
2018-02-26−9,375→ 0 totalExercise: $3.48From: 2018-02-25Exp: 2019-06-19→ Common Stock (9,375 underlying)
Footnotes (1)
- [F1]The reporting person did not sell any shares of common stock. Rather, the reporting person exercised options to acquire 19,603 shares of common stock by submitting and relinquishing to the issuer options to purchase an additional 17,272 shares of common stock. These additional options to purchase 17,272 shares of common stock constituted the entire exercise price, using the 10-day volume weighted average trading price ended February 23, 2018 of $7.4297. As a result of this transaction, the reporting person increased his stock ownership by 19,603 shares of common stock and reduced the number of options owned by 36,875 (19,603 options exercised plus 17,272 options used to pay the exercise price for the 19,603 options exercised to purchase the 19,603 shares of common stock).