Avid Bioservices Inc (CDMO)

[Stealthy_Lurker]

I don't know Moby. The "Plan Effective Date" is defined as follows:

"T. Plan Effective Date shall mean the date on which the Board adopted the Plan. "

Furthermore:

"On July 9, 2009, the Compensation Committee recommended and our Board of Directors approved, subject to stockholder approval, the 2009 Stock Incentive Plan (the “Incentive Plan”). "

Hence, pursuant to Provision V. C. cited earlier by C.J., it could be argued that any change to the "Common Stock" by reason of "any stock split" occurring after the BOD adopted the plan on July 9, 2009 subjects the stock "issuable under the plan" to "appropriate adjustments", i.e. reducing 15,000,000 shares down to 3,000,000 shares.

http://ir.peregrineinc.com/secfiling.cfm?filingID=1019687-09-3169

All in my opinion.