James Vollins - 17 Jan 2022 Form 4 Insider Report for BIODELIVERY SCIENCES INTERNATIONAL INC

Role: General Counsel, Chief Compliance Officer & Corporate Secretary
Signature: /s/ James Vollins
Issuer symbol: N/A
Transactions as of: 17 Jan 2022
Net transactions value: +$249,999
Form type: 4
Filing time: 19 Jan 2022, 15:07:40 UTC
Next filing: 31 Jan 2022
SEC: View on sec.gov

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	$249,999	+82,508		$3.03	82,508	17 Jan 2022	Common Stock	82,508	$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