San Fran

I have been attempting to figure this out - I have a limited amounted of time due to the last tax deadline on October 15 -

It's very difficult to determine what actually happened since options are vested according to a schedule which I haven't been able to locate, or missed - also, we do not have the information available for the options granted or expiring during after April 30, 2016.

I went back to pages 18-26 of the management information circular for the 9/30/15 AGM which lists the options, etc. in detail and discusses the incentive option plan. Note that at last years AGM the unanimous vote included a yea for the compensation plan amendment which stated that any expiring options are replaced upon expiration and reoffered as long as they meet the broad guidlines which I believe are no more that 10% of the common shares outstanding ~12.5mmshare cap. and the board has approval until 9/30/18 to do so. I had previously posted about this under the title - does anyone know the date that options were granted?

Looking at Dr Johannsson - he had 50,000 options with a strike price of 1.46 expiring 6/14/16. Since the price of the stock was 1.29 at the close on that date, the options were worthless, ie., they expired and thus are listed as -50,000. I presume he also excercised 27,660 shares. He had one block of in the money options of 25,000 shares with a strike price of .65 expiring 5/26/19 - he may have had another grant or another block issued to him after April 30, and I'm not sure how these vest - normally its 10-20% per year.

I might also suggest that you click on the ? in the far right of the insider filings site that you referenced which has some explanations and discussion re: insiders options.

Once the Management Discussion for the next meeting is published, this should be clearer - Also note that the options have an anti dilution provision or adjustment s if there is a Merger, Acquisition or Reorg

Chicagoest