Thomas B. Smith - Jan 27, 2022 Form 4 Insider Report for BIODELIVERY SCIENCES INTERNATIONAL INC (BDSI)

Role
Chief Medical Officer
Signature
/s/ Thomas Smith, MD.
Stock symbol
BDSI
Transactions as of
Jan 27, 2022
Transactions value $
$948,621
Form type
4
Date filed
1/31/2022, 04:58 PM
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDSI Common Stock Options Exercise $0 +17.4K +87.01% $0.00 37.3K Jan 27, 2022 Direct
transaction BDSI Common Stock Options Exercise $0 +7.55K +20.23% $0.00 44.9K Jan 31, 2022 Direct
transaction BDSI Common Stock Options Exercise $0 +7.67K +17.09% $0.00 52.5K Jan 31, 2022 Direct

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 $949K +259K $3.66 259K Jan 27, 2022 Common Stock 259K $3.66 Direct F1, F2
transaction BDSI Restricted Stock Units Award $0 +46.4K $0.00 46.4K Jan 27, 2022 Common Stock 46.4K $0.00 Direct F3, F4
transaction BDSI Restricted Stock Units Options Exercise $0 -17.4K -33.33% $0.00 34.7K Jan 27, 2022 Common Stock 17.4K $0.00 Direct F5
transaction BDSI Restricted Stock Units Options Exercise $0 -7.55K -50% $0.00 7.55K Jan 29, 2022 Common Stock 7.55K $0.00 Direct F6
transaction BDSI Restricted Stock Units Options Exercise $0 -7.67K -100% $0.00* 0 Jan 31, 2022 Common Stock 7.67K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price of the stock options issued to the Reporting Person is equal to the closing price of the Issuer's common stock on January 27, 2022.
F2 The stock options were issued to the Reporting Person on January 27, 2022, pursuant to a grant under the Issuer's 2019 Stock Option Incentive Plan (the "Plan"). The award is subject to time-based vesting and will vest in equal portions on: (i) January 27, 2023; (ii) January 27, 2024; and (iii) January 27, 2025.
F3 The Restricted Stock Units ("RSUs") were issued to the Reporting Person on January 27, 2022, pursuant to a grant under the Plan. The award is subject to time-based vesting and will vest in equal portions on: (i) January 27, 2023; (ii) January 27, 2024; and (iii) January 27, 2025.
F4 Upon vesting, each RSU entitles the Reporting Person to one share of the Issuer's common stock.
F5 The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on January 27, 2021, under the Plan. The remaining RSUs vest in equal portions on: (i) January 27, 2023; and (ii) January 27, 2024.
F6 The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on January 29, 2020, under the Plan. The remaining RSUs vest on January 29, 2023.
F7 The shares of common stock were acquired by the Reporting Person as a result of the vesting of RSUs granted to the Reporting Person on January 31, 2019, under the Issuer's 2011 Equity Incentive Plan, as amended.