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Anixa Biosciences Inc — Director's Dealing 2017
Sep 8, 2017
34117_dirs_2017-09-08_d34ddadb-0da6-4972-b25b-38ed09f77e90.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ITUS Corp (ITUS)
CIK: 0000715446
Period of Report: 2017-09-06
Reporting Person: Baskies Arnold M (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-06 | Employee Stock Option (Right to Buy) | $0.67 | A | 20000 | Acquired | 2027-09-06 | Common Stock (20000) | Direct |
| 2017-09-06 | Employee Stock Option | $3.13 | D | 6000 | Disposed | 2026-08-23 | Common Stock (6000) | Direct |
| 2017-09-06 | Employee Stock Option | $0.67 | A | 6000 | Acquired | 2026-08-23 | Common Stock (6000) | Direct |
| 2017-09-06 | Employee Stock Option | $5.3 | D | 12000 | Disposed | 2027-01-03 | Common Stock (12000) | Direct |
| 2017-09-06 | Employee Stock Option | $0.67 | A | 12000 | Acquired | 2027-01-03 | Common Stock (12000) | Direct |
Footnotes
F1: Right-To-Buy, pursuant to the ITUS Corporation 2010 Share Incentive Plan.
F2: The options vest and become exercisable as follows: a) 10,000 shares shall be vested and exercisable upon grant; b) 8,888 shares shall vest and become exercisable in eight (8) consecutive quarterly installments of 1,111 shares each on the last day of each fiscal quarter, beginning November 30, 2018 and continuing through August 31, 2019; and c) the remaining 1,112 shares shall vest and become exercisable on November 30, 2019.
F3: These transactions 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.
F4: The option was originally granted on August 23, 2016 and vested 50% on September 30, 2016 and 50% on December 31, 2016.
F5: The option was originally granted on January 3, 2017 and vests and become exercisable in four (4) equal installments on each March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017.