Morton Mawae 4
4 · CYANOTECH CORP · Filed Jul 18, 2018
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Morton Mawae
President
Transactions
- Award
Restricted stock units
2018-07-13+1,959→ 1,959 total→ Cyanotech common stock (1,959 underlying)
Holdings
- 75,000
Cyanotech common stock options
Exercise: $3.35Exp: 2027-07-14→ Cyanotech common stock (75,000 underlying) - 45,000
Cyanotech common stock options
Exercise: $3.83Exp: 2028-01-24→ Cyanotech common stock (45,000 underlying) - 67
Restricted stock units
→ Cyanotech common stock (67 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech common stock.
- [F2]The restricted stock units shall vest as to 653 shares on July 13, 2019, 653 shares on July 13, 2020, and 653 shares on July 13, 2021, in each case subject to the reporting person's continued service with Cyanotech on the vesting date.
- [F3]The restricted stock units shall vest as to 33 shares on April 5, 2019 and 34 shares on April 5, 2020, in each case subject to the reporting person's continued service with Cyanotech on the vesting date.
- [F4]The stock options shall vest as to 25,000 shares on July 14, 2018, 25,000 shares on July 14, 2019 and 25,000 shares on July 14, 2020, in each case subject to continued service with Cyanotech on the vesting date.
- [F5]The stock options shall vest as to 15,000 shares on January 24, 2019, 15,000 shares on January 24, 2020 and 15,000 shares on January 24, 2021, in each case subject to continued service with Cyanotech on the vesting date.