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CODEXIS, INC. Director's Dealing 2010

Apr 21, 2010

33607_dirs_2010-04-21_a699bb8a-b9e3-448d-aa23-f8364277f8d1.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CODEXIS INC (CDXS)
CIK: 0001200375
Period of Report: 2010-04-21

Reporting Person: Sarret Joseph J. (CBO, President Pharmaceuticals)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 13333 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $1.05 2015-08-11 Common Stock (36666) Direct
Stock Option (right to buy) $2.45 2017-01-26 Common Stock (53333) Direct
Stock Option (right to buy) $6.71 2017-08-28 Common Stock (19666) Direct
Stock Option (right to buy) $6.86 2017-10-25 Common Stock (40000) Direct
Stock Option (right to buy) $7.46 2019-06-02 Common Stock (37000) Direct
Stock Option (right to buy) $7.46 2019-06-02 Common Stock (13333) Direct
Stock Option (right to buy) $9.09 2019-11-09 Common Stock (120000) Direct
Stock Option (right to buy) $11.87 2020-03-11 Common Stock (33333) Direct

Footnotes

F1: Reflects a 2-for-3 reverse stock split of the Issuer's outstanding securities effected immediately prior to the effectiveness of the Issuer's S-1 Registration Statement (Commission File No. 333-164044).

F2: Shares held by Joseph Sarret as Trustee UTD 5/30/00.

F3: 100% of the shares subject to the option are fully vested and exercisable.

F4: Option vests with respect to 25% of the shares subject thereto on January 26, 2008, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on January 26, 2011.

F5: Option vests with respect to 25% of the shares subject thereto on August 28, 2008, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on August 28, 2011.

F6: Option vests with respect to 25% of the shares subject thereto on October 25, 2008, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on October 25, 2011.

F7: Option vests with respect to 25% of the shares subject thereto on March 1, 2010, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on March 1, 2013.

F8: Option vests with respect to 1/24th of the shares subject thereto monthly commencing on January 1, 2011, such that the option will be fully vested and exercisable on January 1, 2013.

F9: Option vests with respect to 25% of the shares subject thereto on October 16, 2010, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on October 16, 2013.

F10: Option vests with respect to 100% of the shares subject thereto on January 1, 2015. Upon the completion of the Issuer's initial public offering, the option will vest with respect to 25% of the shares subject thereto on January 1, 2011, with 1/48th of the shares vesting monthly thereafter, such that the option will be fully vested and exercisable on January 1, 2014.