Statement of Changes in Beneficial Ownership (4)
July 28 2021 - 5:19PM
Edgar (US Regulatory)
FORM 4
[ ]
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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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
*
Carr Michael A. |
2. Issuer Name and Ticker or Trading Symbol
Calyxt, Inc.
[
CLXT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
2800 MOUNT RIDGE ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/27/2021 |
(Street)
ROSEVILLE, MN 55113
(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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/27/2021 | | A | | 50000 (1) | A | $3.65 | 50000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Stock Option (Right-to-Buy) | $3.65 | 7/27/2021 | | A | | 200000 | | 7/27/2022 (2) | 7/27/2031 | Common Stock | 200000 | $0 | 200000 | D | |
Performance Stock Units | (3) | 7/27/2021 | | A | | 600000 | | (3) | 7/27/2024 | Common Stock | 600000 | $0 | 600000 | D | |
Explanation of Responses: |
(1) | The Restricted Stock Units vest as to one-third (1/3) on each of the first three anniversaries of the date of the grant. |
(2) | The Option vests as to one-third (1/3) on each of the first three anniversaries of the date of the grant. |
(3) | Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of Calyxt common stock. The PSUs vest upon Calyxt's common stock achieving specified prices per share for all of the trading days in any 30 consecutive calendar day period within a three year performance period. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Carr Michael A. 2800 MOUNT RIDGE ROAD ROSEVILLE, MN 55113 | X |
| President and CEO |
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Signatures
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Suzette McNally, Attorney-in-Fact for Michael A. Carr | | 7/28/2021 |
**Signature of Reporting Person | Date |
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