Statement of Changes in Beneficial Ownership (4)
November 29 2021 - 06:30PM
Edgar (US Regulatory)
FORM 4
[X] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instruction
1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Patel Samir
Rashmikant |
2. Issuer Name and Ticker or Trading
Symbol CytoDyn Inc. [ CYDY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
|
(Last)
(First)
(Middle)
1111 MAIN STREET SUITE 660 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/24/2021
|
(Street)
VANCOUVER, WA 98660
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-qualified Stock Option |
$1.39 |
11/24/2021 |
|
D (1) |
|
|
225000 |
(1) |
10/18/2031 |
Common Stock |
225000 |
(1) |
0 |
D |
|
Non-qualified Stock Option |
$1.39 |
11/24/2021 |
|
A (1) |
|
93750 |
|
(1) |
10/18/2031 |
Common Stock |
93750 |
(1) |
93750 |
D |
|
Non-qualified Stock Option |
$6.15 |
11/24/2021 |
|
D (1) |
|
|
225000 |
(2) |
6/25/2030 |
Common Stock |
225000 |
(1) |
0 |
D |
|
Non-qualified Stock Option |
$6.15 |
11/24/2021 |
|
A (1) |
|
225000 |
|
(2) |
6/25/2030 |
Common Stock |
225000 |
(1) |
225000 |
D |
|
Non-qualified Stock Option |
$2.25 |
11/24/2021 |
|
D (1) |
|
|
12329 |
5/31/2020 |
4/17/2030 |
Common Stock |
12329 |
(1) |
0 |
D |
|
Non-qualified Stock Option |
$2.25 |
11/24/2021 |
|
A (1) |
|
12329 |
|
5/31/2020 |
4/17/2030 |
Common Stock |
12329 |
(1) |
12329 |
D |
|
Explanation of
Responses: |
(1) |
The term of the Reporting
Person's Continuous Service (as defined in the Issuer's 2012 Equity
Incentive Plan, as amended (the "2012 Plan")) as a director of the
Issuer ended as of the conclusion of the Issuer's 2021 Annual
Meeting of Stockholders on November 24, 2021. Effective immediately
prior to the end of the Reporting Person's Continuous Service, each
outstanding stock option that had been granted to the Reporting
Person under the 2012 Plan was amended to (a) vest and become
immediately exercisable, to the extent it would have become vested
on November 30, 2021, with the balance of the unvested portion of
such option, if any, immediately forfeited, and (b) cause the
option to remain exercisable through the original expiration date
instead of terminating 90 days following the end of the Reporting
Person's Continuous Service. |
(2) |
56,250 shares vested on
August 31, 2020; the balance vested in equal amounts on November
30, 2020, February 28, 2021, and May 31, 2021. |
Remarks:
Exhibit 24-Power of Attorney |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Patel Samir Rashmikant
1111 MAIN STREET SUITE 660
VANCOUVER, WA 98660 |
X |
|
|
|
Signatures
|
Antonio Migliarese,
Attorney-In-Fact |
|
11/29/2021 |
**Signature of Reporting
Person |
Date |
CytoDyn (QB) (USOTC:CYDY)
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