CALVERT DENNIS P 4
4 · BIOLARGO, INC. · Filed May 5, 2020
Insider Transaction Report
Form 4
BIOLARGO, INC.BLGO
CALVERT DENNIS P
DirectorPresident and C.E.O.
Transactions
- Award
Option to Purchase Common Stock
2020-05-01+50,000→ 3,846,322 totalExercise: $0.14From: 2020-05-01Exp: 2030-05-01→ Common stock (50,000 underlying) - Award
Option to purchase common stock
2020-05-01+343,571→ 4,189,893 totalExercise: $0.14From: 2020-08-01Exp: 2030-05-01→ Common stock (343,571 underlying)
Footnotes (4)
- [F1]This Option was granted to Reporting Person to replace an option to purchase 200,000 shares that had been issued approximately 10 years ago to compensate Reporting Person for services to the Issuer and had recently expired unexercised due to a discrepancy between the original exercise price and current Issuer stock price, pursuant to plan adopted by the Issuer's Compensation Committee.
- [F2]This amount reflects, in addition to the reported option, grant, the expiration on February 1, 2020, of an option to purchase 200,000 shares of common stock.
- [F3]This option vests in four equal installments every three months beginning August 1, 2020.
- [F4]On May 1, 2020, in recognition of recent accomplishments in response to the COVID-19 pandemic, the Issuer's Compensation Committee granted options to the Issuer's employees under the 2018 Equity Incentive Plan, including the option reported herein.