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Filing Details

Accession Number:
0000908662-14-000104
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-03 18:58:46
Reporting Period:
2014-02-27
Filing Date:
2014-03-03
Accepted Time:
2014-03-03 18:58:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
907562 Dyax Corp DYAX Services-Commercial Physical & Biological Research (8731) 043053198
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1226283 A Burt Adelman C/o Dyax Corp.
55 Network Drive
Burlington MA 01803-2756
Cmo & Evp, R&d No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-02-27 37,500 $10.20 37,500 No 4 A Direct
Common Stock Acquisiton 2014-03-03 55,000 $1.48 92,500 No 4 M Direct
Common Stock Disposition 2014-03-03 55,000 $9.68 37,500 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2014-02-27 225,000 $0.00 225,000 $10.20
Common Stock Stock Option (right to buy) Disposition 2014-03-03 55,000 $0.00 55,000 $1.48
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
225,000 2024-02-27 No 4 A Direct
295,000 2022-02-24 No 4 M Direct
Footnotes
  1. The securities reported were granted pursuant to the Issuer's Amended and Restated 1995 Equity Incentive Plan. The award vests in four equal annual installments beginning on March 5, 2015.
  2. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $9.37 to $10.22, inclusive. The reporting person undertakes to provide to Dyax Corp., any security holder of Dyax Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
  3. Such option will become exercisable in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant (with any fractional shares to be cumulated and to become exercisable at the end of the earliest succeeding monthly period in which a whole share equivalent is accumulated).
  4. Such option vests in forty-eight (48) substantially equal installments at the end of each monthly anniversary of the date of grant, which was February 24, 2012.