Gerald Anthony Reynolds - Jun 9, 2021 Form 3 Insider Report for APPLIED GENETIC TECHNOLOGIES CORP (AGTC)

Role
Chief Accounting Officer
Signature
/s/ Stacie Aarestad, Attorney-in-fact
Stock symbol
AGTC
Transactions as of
Jun 9, 2021
Transactions value $
$0
Form type
3
Date filed
6/17/2021, 06:54 PM
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AGTC Common Stock 25K Jun 9, 2021 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
holding AGTC Stock Option (right to buy) Jun 9, 2021 Common Stock 50K $3.28 Direct F2
holding AGTC Stock Option (right to buy) Jun 9, 2021 Common Stock 30K $5.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") under the Applied Genetic Technologies Corporation ("AGTC") 2013 Equity and Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of AGTC common stock. The RSUs vest in two equal annual installments, with 50% vesting on May 26, 2022 and the remaining 50% vesting on May 26, 2023, subject to the Reporting Person's continued employment with or performance of services for the Company as of each vesting date.
F2 The option was granted on March 30, 2020. The option became exercisable for 25% of the underlying shares on the first anniversary of the grant date, and thereafter became and continues to become, as applicable, exercisable for the remaining underlying shares in equal monthly installments over three years, resulting in the option being exercisable for 100% of the underlying shares on the fourth anniversary of the grant date.
F3 The option was granted on August 5, 2020. The option became and continues to become exercisable in equal monthly installments over four years from the date of grant.

Remarks:

Exhibit 24 Power of Attorney filed herewith.