Morton Mawae 4
4 · CYANOTECH CORP · Filed Jul 31, 2019
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Morton Mawae
President
Transactions
- Award
Common Stock
2019-07-15+11,400→ 13,015 total - Exercise/Conversion
Common Stock
2019-05-22−411→ 1,615 total - Disposition to Issuer
Common Stock
2019-07-15−4,104→ 8,911 total - Exercise/Conversion
Common Stock
2019-05-22+1,993→ 2,026 total - Exercise/Conversion
Restricted Stock Units
2019-05-22−1,993→ Common Stock (1,993 underlying)
Holdings
- 75,000
Stock Options
Exercise: $3.35→ Common Stock (75,000 underlying) - 45,000
Stock Options
Exercise: $3.83→ Common Stock (45,000 underlying)
Footnotes (6)
- [F1]Grant of shares made pursuant to the Separation Agreement between the issuer and the reporting person, dated as of June 3, 2019 (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 on June 7, 2019; transaction exempt from Section 16(b) of the Securitities 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]Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
- [F4]Pursuant to Separation Agreement, all restricted stock units are fully vested as of May 22, 2019.
- [F5]Pursuant to Separation Agreement, all stock options are fully vested as of May 22, 2019.
- [F6]Pursuant to Separation Agreement, all stock options will expire on December 6, 2019.