4//SEC Filing
CYANOTECH CORP 4
Accession 0001437749-16-031476
$CYANCIK 0000768408operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 6:01 AM ET
Size
11.3 KB
Accession
0001437749-16-031476
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Bailey Brent David
Director
Transactions
- Disposition to Issuer
Stock Options
2016-03-31−497,916→ 0 totalExercise: $3.82Exp: 2021-08-29→ Common Stock (497,916 underlying) - Award
Common Stock
2016-05-02+77,500→ 77,500 total - Tax Payment
Common Stock
2016-05-02−29,033→ 48,467 total - Disposition to Issuer
Stock Options
2016-03-31−230,000→ 0 totalExercise: $3.04Exp: 2021-01-12→ Common Stock (230,000 underlying)
Footnotes (5)
- [F1]Grant of shares made pursuant to the Separation Agreement between the issuer and the reporting person, dated as of March 31, 2016 (the "Separation Agreement"), a copy of which is attached to and made a part of the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on April 4, 2016; transaction exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-3 thereunder.
- [F2]Shares withheld pursuant to the Separation Agreement to satisfy tax withholding obligations; transaction exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 thereunder.
- [F3]Disposition to the issuer of stock options pursuant to the Separation Agreement; transaction exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 thereunder. As of March 31, 2016, 486,000 of such stock options were vested and 241,916 were unvested.
- [F4]81,000 stock options became exercisable on each of January 1, 2011 and January 1, 2013, and 68,000 stock options became exercisable on January 1, 2014.
- [F5]40,000 stock options became exercisable on January 1, 2014, and 108,000 stock options became exercisable on each of January 1, 2015 and January 1, 2016. 108,000 stock options were scheduled to become exercisable on January 11, 2017 and an additional 133,916 stock options were scheduled to become exercisable on January 11, 2018.
Documents
Issuer
CYANOTECH CORP
CIK 0000768408
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000768408
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 6:01 AM ET
- Size
- 11.3 KB