Shane Olwill - Aug 1, 2021 Form 3 Insider Report for PIERIS PHARMACEUTICALS, INC. (PIRS)

Role
Chief Development Officer
Signature
/s/ Megan Gates, Attorney-in-Fact
Stock symbol
PIRS
Transactions as of
Aug 1, 2021
Transactions value $
$0
Form type
3
Date filed
8/3/2021, 04:09 PM
Next filing
Sep 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PIRS Common Stock 4.64K Aug 1, 2021 Direct

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 PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 145K $2.00 Direct F1
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 100K $1.52 Direct F1
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 56.3K $1.99 Direct F1
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 90K $0.00 Direct F2
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 82K $3.09 Direct F3
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 90K $3.15 Direct F4
holding PIRS Stock Option (right to buy) Aug 1, 2021 Common Stock 150K $2.50 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option has fully vested.
F2 The option vested as to 25% of the option shares on February 20, 2019 and vests as to an additional 6.25% of the option shares at the end of each successive three-month period thereafter.
F3 The option vested as to 25% of the option shares on February 26, 2020 and vests as to an additional 6.25% of the option shares at the end of each successive three-month period thereafter.
F4 The option vested as to 25% of the option shares on February 27, 2021 and vests as to an additional 6.25% of the option shares at the end of each successive three-month period thereafter.
F5 The option vested as to 25% of the option shares on March 4, 2022 and vests as to an additional 6.25% of the option shares at the end of each successive three-month period thereafter.