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Cryoport, Inc. Director's Dealing 2012

Apr 6, 2012

32876_dirs_2012-04-06_d1b138a1-8884-49f1-bea7-a74f6fe43a5a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cryoport, Inc. (CYRX.OB)
CIK: 0001124524
Period of Report: 2012-04-02

Reporting Person: Leatherman Steven L (Chief Commercial Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-04-02 Option to Purchase Common Stock $.62 A 150000 Acquired 2022-04-02 Common Stock (150000) Direct
2012-04-02 Option to Purchase Common Stock $.62 A 100000 Acquired 2022-04-02 Common Stock (100000) Direct

Footnotes

F1: Vesting over 4 years at a rate of 18,750 shares every six months with the first vesting date being the six month anniversary of Mr. Leatherman's start date.

F2: To be vested as follows: (a) 50,000 common stock options when the Company achieves 5,000 shipments per month and (b) 50,000 common stock options when the Company achieves six-months of sustainable positive cash flow as determined by the Company's Board of Directors.