Joseph L. Provenzano - May 21, 2021 Form 4 Insider Report for BIOLARGO, INC. (BLGO)

Role
Secretary, Director
Signature
/s/ John R. Browning, Attorney-in-fact
Stock symbol
BLGO
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
4
Date filed
5/24/2021, 08:05 PM
Next filing
Jan 10, 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 BLGO Option to purchase common stock Award $0 +50K +3.43% $0.00 1.51M May 21, 2021 Common stock 50K $0.18 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Option was granted to Reporting Person to replace an option to purchase 200,000 shares that had been issued approximately 10 years ago to compensate Reporting Person for services to the Issuer and had recently expired unexercised due to a discrepancy between the original exercise price and the Issuer's current stock price, pursuant to plan adopted by the Issuer's Compensation Committee.
F2 This amount reflects, in addition to the reported option grant, the expiration of an option to purchase an 200,000 shares of common stock.