BIOLIFE SOLUTIONS INC — Director's Dealing 2020

Jun 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BIOLIFE SOLUTIONS INC (BLFS)
CIK: 0000834365
Period of Report: 2019-01-17

Reporting Person: GIRSCHWEILER THOMAS (Director, 10% Owner)
Reporting Person: Taurus4757 GmbH (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-17	Common Stock	M	10714	$1.261	Acquired	1535391	Indirect
2019-10-04	Common Stock	S	162760	$15.36	Disposed	1372631	Indirect
2020-05-13	Common Stock	X	1544194	$4.75	Acquired	2916825	Indirect
2020-05-13	Common Stock	S	492277	$14.90	Disposed	2424548	Indirect
2020-05-22	Common Stock	S	476191	$10.50	Disposed	1948357	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-17	Stock Option (Right to Buy)	$1.261	M	10714	Disposed	2019-02-26	Common Stock (10714)	Direct
2020-05-13	Warrants (Right to Buy)	$4.75	X	1544194	Disposed	2021-03-25	Common Stock (1544194)	Indirect

Footnotes

F1: The shares of common stock, par value $0.001 per share (the "Common Stock") were issued to Taurus457 GmbH ("Taurus"), an entity wholly owned by Thomas Girschweiler (together with Taurus, the "reporting person") a director and 10% shareholder of Biolife Solutions, Inc. (the "Company"), upon exercise of the warrants held by the reporting person.

F2: On May 13, 2020, the reporting person exercised an in-the-money warrant to purchase 1,544,194 shares of Common Stock of the Company for $4.75 per share pursuant to Rule 16b-6 under the Securities Exchange Act of 1934, as amended. The reporting person exercised the warrant on a cashless basis pursuant to the terms of the warrant, resulting in the Company's withholding of 492,277 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 1,051,197 shares.

F3: The warrants were issued to Taurus in March 2014 in connection with conversion of outstanding promissory notes and interest accrued thereon for units consisting of common stock and warrants.