Filing Details

Accession Number:
0001683168-20-002273
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-07-14 21:24:05
Reporting Period:
2020-07-10
Accepted Time:
2020-07-14 21:24:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
704562 Avid Bioservices Inc. CDMO Pharmaceutical Preparations (2834) 953698422
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1346342 R Daniel Hart 2642 Michelle Drive, Suite 200
Tustin CA 92780
Chief Financial Officer 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, $0.001 Par Value Acquisiton 2020-07-10 5,866 $0.00 20,039 No 4 M Direct
Common Stock, $0.001 Par Value Disposition 2020-07-13 2,056 $6.88 17,983 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Restricted Stock Units Disposition 2020-07-10 5,866 $0.00 5,866 $0.00
Common Stock Stock Option (right to buy) Acquisiton 2020-07-10 71,120 $0.00 71,120 $6.95
Common Stock Restricted Stock Units Acquisiton 2020-07-10 19,425 $0.00 19,425 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
17,599 No 4 M Direct
232,880 2021-07-10 2027-07-10 No 4 A Direct
37,024 2021-07-10 No 4 A Direct
Footnotes
  1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.
  2. Represents the shares automatically sold by the reporting person pursuant to an election to satisfy tax withholding obligations in connection with the vesting of the RSUs described in footnote 3. This sale does not represent a discretionary trade by the reporting person.
  3. RSUs granted to the reporting person on July 10, 2019, vest at the rate of 25% on each anniversary of the date of grant until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
  4. Stock Options granted to the reporting person on July 10, 2020, vest at the rate of 25% on each anniversary of the date of grant until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.
  5. RSUs granted to the reporting person on July 10, 2020, vest at the rate of 25% on each anniversary of the date of grant until fully-vested, subject to the reporting person's continuous service to the Issuer on such vesting dates.