Peter S. Garcia - 13 Dec 2021 Form 4 Insider Report for DURECT CORP (DRRX)

Role
Director
Signature
/s/ Peter S. Garcia
Issuer symbol
DRRX
Transactions as of
13 Dec 2021
Net transactions value
$0
Form type
4
Filing time
14 Dec 2021, 18:06:58 UTC
Previous filing
19 Oct 2021
Next filing
08 Feb 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 DRRX Stock Option (right to buy) Award $0 +70,000 $0.000000 70,000 13 Dec 2021 Common Stock 70,000 $0.9800 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option will vest and become exercisable in installments of one-third of the total number of shares on each anniversary of the grant date.