James Vollins - Jan 17, 2022 Form 4 Insider Report for BIODELIVERY SCIENCES INTERNATIONAL INC (BDSI)

Signature
/s/ James Vollins
Stock symbol
BDSI
Transactions as of
Jan 17, 2022
Transactions value $
$249,999
Form type
4
Date filed
1/19/2022, 03:07 PM
Next filing
Jan 31, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BDSI Stock Options (right to buy) Award $250K +82.5K $3.03 82.5K Jan 17, 2022 Common Stock 82.5K $3.03 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options ("options") were issued to the Reporting Person on January 17, 2022 upon the satisfaction of certain performance criteria set out in the Reporting Person's amended offer letter, dated October 21, 2020. The options are subject to time-based vesting and (i) 41,254 of the options immediately vested on the date of the grant and (ii) 41,254 options will vest on January 17, 2023.

Remarks:

General Counsel, Chief Compliance Officer & Corporate Secretary