Replies to post #342221 on Avid Bioservices Inc (CDMO)

[cheynew]

I think it was option exercise.


1. Represents the reporting person's cash exercise of a stock option without a subsequent sale of the underlying shares of common stock.
2. Stock option granted to the reporting person on June 20, 2012 vested quarterly over a three (3) year period and was fully vested as of June 20, 2015.

I was surprised he has 246,328 shares derivately beneficially owned.