Carter Charles Ross 4
4 · GI DYNAMICS, INC. · Filed Mar 11, 2021
Insider Transaction Report
Form 4
Carter Charles Ross
CFO and Secretary
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2021-03-09−385,226→ 0 totalExercise: $1.12Exp: 2029-09-19→ Common Stock (385,226 underlying)
Footnotes (2)
- [F1]The option provided for vesting over a four (4) year period, with one quarter (1/4) of the shares subject to the Option vesting on the one (1) year anniversary of the transaction date, and the remaining shares vesting on a quarterly basis over the following three (3) years of continuous service.
- [F2]The option was canceled by mutual agreement of the reporting person and the issuer pursuant to the terms and conditions of a stock option cancellation agreement entered into on March 9, 2021, which cancellation is to be deemed effective as of December 31, 2020.