Jian Li - Mar 17, 2022 Form 3 Insider Report for DURECT CORP (DRRX)

Role
InterimPrincipalAccountingOfcr
Signature
/s/ Jian Li
Stock symbol
DRRX
Transactions as of
Mar 17, 2022
Transactions value $
$0
Form type
3
Date filed
3/25/2022, 07:33 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRRX Common Stock 20.5K Mar 17, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 140K $1.21 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 107K $2.09 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 11.5K $1.36 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 126K $0.88 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 8.89K $1.75 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 95.6K $1.16 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 11.5K $1.35 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 115K $1.31 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 11.3K $1.40 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 128K $1.24 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 75.5K $0.58 Direct F1
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 70K $0.58 Direct F2
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 75K $2.11 Direct F2
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 70K $2.03 Direct F2
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 105K $0.87 Direct F2
holding DRRX Stock Option (right to buy) Mar 17, 2022 Common Stock 50K $0.59 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is fully vested.
F2 The option vests and becomes exercisable in installments of one-sixteenth (1/16) of the total number of shares at the end of each three month period following the grant date, subject to the Reporting Person providing continuous service to the Issuer through the applicable vesting date.