Papp Timothy M. 4
4 · DURECT CORP · Filed Jul 5, 2022
Insider Transaction Report
Form 4
DURECT CORPDRRX
Papp Timothy M.
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2022-07-01+600,000→ 600,000 totalExercise: $0.45Exp: 2032-07-01→ Common Stock (600,000 underlying)
Footnotes (1)
- [F1]25% of the total number of shares subject to the option will vest and become exercisable on July 1, 2023, and 1/16th of the total number of shares subject to the option will vest and become exercisable at the end of each three-month period thereafter, subject to the Reporting Person providing continuous service to the Issuer through the applicable vesting date.