Ting Li - Jul 1, 2021 Form 4 Insider Report for Biostage, Inc. (BSTG)

Role
Director
Signature
/s/ Chad Porter, by power of attorney
Stock symbol
BSTG
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
11/10/2021, 07:37 PM
Next filing
Jul 1, 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 BSTG Stock Option (right to buy) Award $0 +22.5K $0.00 22.5K Jul 1, 2021 Common Stock, par value $0.01 per share 22.5K $1.35 Direct F1
transaction BSTG Stock Option (right to buy) Award $0 +18K +80.16% $0.00 40.5K Jul 1, 2021 Common Stock, par value $0.01 per share 18K $1.35 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Stock Option represents the annual equity grant to the Reporting Person, as a non-employee director of the Issuer, and will vest in four equal installments on October 1, 2021, January 1, 2022, April 1, 2022 and July 1, 2022.
F2 This Stock Option was granted in lieu of cash compensation otherwise payable to the Reporting Person, as a non-employee director of the Issuer, and will vest in four equal installments on the grant date, October 1, 2021, January 1, 2022 and April 1, 2022.

Remarks:

This form has been signed under power of attorney.