Van Ness Kenneth 4
4 · CYTODYN INC · Filed Aug 2, 2012
Insider Transaction Report
Form 4
CYTODYN INCCYDY
Van Ness Kenneth
Director
Transactions
- Disposition to Issuer
Options (right to acquire)
2012-08-01−750,000→ 750,000 totalExercise: $2.00Exp: 2012-08-08→ Common (750,000 underlying)
Footnotes (2)
- [F1]The grant of the original 1,500,000 options were reported on April 18, 2012 (the "Options"). On July 25, 2012, the reporting person and the issuer entered into a Transition Agreement (the "Agreement"), which was included in the issuer's Form 8-K filed on July 25, 2012. As partial consideration under the Agreement, the reporting person agreed to the cancellation of the 750,000 Options.
- [F2]Pursuant to the terms of the Agreement, the remaining 750,000 Options became immediately exercisable.