Anixa Biosciences Inc — Director's Dealing 2015

Feb 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ITUS Corp (ITUS)
CIK: 0000715446
Period of Report: 2015-02-05

Reporting Person: Fox Dale (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-05	Employee Stock Option	$0.25	D	150000	Disposed	2024-08-08	Common Stock (150000)	Direct
2015-02-05	Employee Stock Option	$0.103	A	150000	Acquired	2024-08-08	Common Stock (150000)	Direct
2015-02-05	Employee Stock Option	$0.112	D	300000	Disposed	2025-01-02	Common Stock (300000)	Direct
2015-02-05	Employee Stock Option	$0.103	A	300000	Acquired	2025-01-02	Common Stock (300000)	Direct

Footnotes

F1: Each of the transactions reported in this Form 4 involved an amendment of outstanding stock options for the sole purpose of lowering the exercise price, resulting in the deemed cancellation of the "old" options and the grant of replacement options. All of the other terms of the options remain the same, including without limitation, the number of shares underlying the options, the vesting periods of the options, and the expiration dates of the options.