Judy R. Joice - 14 May 2021 Form 4 Insider Report for DURECT CORP (DRRX)

Role
Sr. VP Operations & Corp QA
Signature
Judy R. Joice
Issuer symbol
DRRX
Transactions as of
14 May 2021
Net transactions value
-$57,775
Form type
4
Filing time
17 May 2021, 21:37:43 UTC
Next filing
10 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRRX Common Stock Options Exercise $14,600 +20,000 +57% $0.7300 54,832 14 May 2021 Direct
transaction DRRX Common Stock Options Exercise $31,307 +40,137 +73% $0.7800 94,969 14 May 2021 Direct
transaction DRRX Common Stock Sale $103,682 -60,137 -63% $1.72 34,832 14 May 2021 Direct F1, F2

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 DRRX Employee Stock Option (right to buy) Options Exercise $0 -20,000 -100% $0.000000* 0 14 May 2021 Common Stock 20,000 $0.7300 Direct F3
transaction DRRX Employee Stock Option (right to buy) Options Exercise $0 -40,137 -100% $0.000000* 0 14 May 2021 Common Stock 40,137 $0.7800 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions. Prices ranged from $1.70 to $1.725 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Number of shares beneficially owned which were acquired by the Reporting Person under Durect's Employee Stock Purchase Plan between 11/01/2007 to 05/14/2021.
F3 The option is fully vested.