Sec Form 4 Filing - Pourhassan Nader @ CytoDyn Inc. - 2018-11-16

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Pourhassan Nader
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
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
1111 MAIN STREET, SUITE 660
3. Date of Earliest Transaction (MM/DD/YY)
11/16/2018
(Street)
VANCOUVER, WA98660
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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
Common Stock 11/16/2018 A 161,489 A 161,489 D
Common Stock 11/16/2018 A 15,750 A 15,750 I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 Options (right to buy) $ 0.64 11/16/2018 A 200,000 05/29/2018 05/29/2019 Common Stock 200,000 ( 1 ) ( 2 ) 200,000 D
Stock Options (right to buy) $ 2 11/16/2018 A 500,000 07/31/2015 07/31/2021 Common Stock 500,000 ( 1 ) ( 2 ) 500,000 D
Stock Options (right to buy) $ 2.75 11/16/2018 A 54,545 03/23/2012 03/23/2022 Common Stock 54,545 ( 1 ) ( 2 ) 54,545 D
Stock Options (right to buy) $ 0.9 11/16/2018 A 200,000 06/30/2018 06/30/2025 Common Stock 200,000 ( 1 ) ( 2 ) 200,000 D
Stock Options (right to buy) $ 0.87 11/16/2018 A 650,000 ( 3 ) 11/23/2025 Common Stock 650,000 ( 1 ) ( 2 ) 650,000 D
Stock Options (right to buy) $ 0.75 11/16/2018 A 304,000 ( 3 ) 01/04/2026 Common Stock 304,000 ( 1 ) ( 2 ) 304,000 D
Stock Options (right to buy) $ 1.09 11/16/2018 A 600,000 ( 4 ) 06/01/2026 Common Stock 600,000 ( 1 ) ( 2 ) 600,000 D
Stock Options (right to buy) $ 0.57 11/16/2018 A 300,000 ( 5 ) 06/01/2027 Common Stock 300,000 ( 1 ) ( 2 ) 300,000 D
Stock Options (right to buy) $ 0.8 11/16/2018 A 600,000 05/31/2017 02/15/2023 Common Stock 600,000 ( 1 ) ( 2 ) 600,000 D
Stock Options (right to buy) $ 0.49 11/16/2018 A 350,000 ( 6 ) 06/08/2028 Common Stock 350,000 ( 1 ) ( 2 ) 350,000 D
Stock Options (right to buy) $ 0.565 11/16/2018 A 1,000,000 ( 7 ) 11/08/2028 Common Stock 1,000,000 ( 1 ) ( 2 ) 1,000,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pourhassan Nader
1111 MAIN STREET, SUITE 660
VANCOUVER, WA98660
X President and CEO
Signatures
/s/ Michael D. Mulholland, as attorney-in-fact 11/16/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On November 16, 2018, CytoDyn Inc. completed a holding company reorganization in which CytoDyn Inc. ("Old CytoDyn") merged with and into a wholly-owned subsidiary of Point NewCo Inc. (which has been renamed CytoDyn Inc.) ("New CytoDyn") with Old CytoDyn continuing as the surviving corporation and as a wholly-owned subsidiary of New CytoDyn (the "Holding Company Reorganization"). In the Holding Company Reorganization, each outstanding share of Old CytoDyn capital stock (including common stock and Series B preferred stock) was disposed of in exchange for an equivalent share of New CytoDyn capital stock, and each Old CytoDyn warrant, convertible promissory note and stock option was converted into an equivalent right to purchase New CytoDyn common stock.
( 2 )In connection with the transactions consummated on November 16, 2018, immediately after the effective time of the Holding Company Reorganization, New CytoDyn issued to ProstaGene, LLC 27,000,000 newly issued shares of New CytoDyn common stock (representing approximately 6.5% of the total number of outstanding shares of New CytoDyn common stock, after giving effect to such issuance).
( 3 )The options (including predecessor options) vest upon the achievement of certain strategic milestones specified in the award agreement.
( 4 )The options (including predecessor options) vest in three equal annual installments commencing on June 1, 2017.
( 5 )The options (including predecessor options) vest in three equal annual installments commencing on June 1, 2018.
( 6 )The options vest in three equal annual installments commencing on June 1, 2019.
( 7 )50% of the options were fully vested and exercisable as of their issuance date, and 50% of the options vest on April 8, 2019.

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