ORLOPP BRIAN BRETT 4
4 · CYANOTECH CORP · Filed Apr 8, 2020
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
ORLOPP BRIAN BRETT
CFO, VP, Treasurer, Secretary
Transactions
- Award
Restricted Stock Units
2020-04-06+100→ 100 total→ Common Stock (100 underlying) - Exercise/Conversion
Common Stock
2020-04-06+33→ 33 total - Tax Payment
Common Stock
2020-04-06$2.07/sh−13$27→ 20 total
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. In connection with the vesting of the 33 shares of stock, the Company withheld a total of 13 shares to satisfy a payroll tax liability incident to such vesting.
- [F3]Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
- [F4]The restricted stock units shall vest as to 33 shares on April 6, 2021; 33 shares on April 6, 2022; and 34 shares on April 6, 2023, in each case subject to the reporting person's continued service with the Company on the vesting date.