CYANOTECH CORP 4
4 · CYANOTECH CORP · Filed Sep 30, 2014
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Capelli Robert J
Vice President Sales
Transactions
- Exercise/Conversion
Cyanotech Common Stock
2014-09-16$2.08/sh+8,000$16,640→ 12,000 total - Exercise/Conversion
Cyanotech Common Stock Options
2014-09-16−8,000→ 25,200 totalExercise: $2.08Exp: 2019-04-30→ Common Stock (8,000 underlying)
Footnotes (2)
- [F1]10,000 stock options were granted on 04/30/2009. Of those, 10% were exercisable on 04/30/2010, 30% were exercisable on 04/30/2011, 60% were exercisable on 04/30/2012, and all became exercisable on 04/30/2013. Mr. Capelli exercised 2,000 of the options on 08/06/2012.
- [F2]The reported transaction is an exercise of derivative securities. Pursuant to Form 4 instructions, Table II, column 8 is left blank and the exercise price is reported on Table II, column 2.