Peter S. Greenleaf - 27 Jan 2022 Form 4 Insider Report for BIODELIVERY SCIENCES INTERNATIONAL INC

Role: Director
Signature: /s/ Peter Greenleaf
Issuer symbol: N/A
Transactions as of: 27 Jan 2022
Net transactions value: +$418,510
Form type: 4
Filing time: 31 Jan 2022, 17:02:12 UTC
Previous filing: 10 Aug 2021
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BDSI	Common Stock	Options Exercise	$0	+10,246	+11%	$0.000000	105,034	27 Jan 2022	Direct	F1

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	$418,510	+114,347		$3.66	114,347	27 Jan 2022	Common Stock	114,347	$3.66	Direct	F2, F3
transaction	BDSI	Restricted Stock Units	Award	$0	+20,492		$0.000000	20,492	27 Jan 2022	Common Stock	20,492	$0.000000	Direct	F1
transaction	BDSI	Restricted Stock Units	Options Exercise	$0	-10,246	-50%	$0.000000	10,246	27 Jan 2022	Common Stock	10,246	$0.000000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units ("RSUs") were issued to the Reporting Person as compensation for service on the Company's board of directors, pursuant to a grant under the Issuer's 2019 Stock Option Incentive Plan ("the Plan"). The RSUs vest in equal portions on: (i) January 27, 2022; and (ii) January 27, 2023.
F2	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.
F3	The stock options were issued to the Reporting Person on January 27, 2022, as compensation for service on the Issuer's board of directors, pursuant to a grant under the Plan. The award is subject to time-based vesting and vests in equal portions on: (i) January 27, 2022; and (ii) January 27, 2023.