Sec Form 4 Filing - DAVIS MICHAEL A / @ CYANOTECH CORP - 2020-08-31

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
DAVIS MICHAEL A /
2. Issuer Name and Ticker or Trading Symbol
CYANOTECH CORP [ CYAN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
CYANOTECH CORPORATION, 73-4460 QUEEN KAAHUMANU HWY #102
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2020
(Street)
KAILUA-KONA, HI96740
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
Cyanotech Corporation Common Stock 08/31/2020 P 5,000 A $ 2.4308 ( 1 ) 5,000 I By self as trustee for Nettizanne Johnstone Davis GST Exempt Trust
Cyanotech Corporation Common Stock 09/01/2020 P 1,916 A $ 2.4387 ( 2 ) 6,916 I By self as trustee for Nettizanne Johnstone Davis GST Exempt Trust
Cyanotech Corporation Common Stock 08/31/2020 P 5,000 A $ 2.4231 ( 3 ) 5,000 I By self as trustee for Nyracai Johnstone Davis GST Exempt Trust
Cyanotech Corporation Common Stock 09/01/2020 P 1,707 A $ 2.4561 ( 4 ) 6,707 I By self as trustee for Nyracai Johnstone Davis GST Exempt Trust
Cyanotech Corporation Common Stock 477,048 I By self as trustee of the Michael Arlen Davis Revocable Trust
Cyanotech Corporation Common Stock 424,621 I By self as director of Skywords Family Foundation Inc. ( 5 )
Cyanotech Corporation Common Stock 150,000 I By self as co-trustee for the Nyracai Davis Irr. Trust and the Nettizanne J. Davis Irr. Trust
Cyanotech Corporation Common Stock 31,250 I By Spouse
Cyanotech Corporation Common Stock 12,119 D
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DAVIS MICHAEL A /
CYANOTECH CORPORATION
73-4460 QUEEN KAAHUMANU HWY #102
KAILUA-KONA, HI96740
X X
Signatures
/s/Laura L. Taylor, by Power of Attorney 09/02/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported is a weighted average price. These shares were bought in multiple transactions at prices ranging from $2.30 to $2.48, inclusive. The reporting person undertakes to provide to Cyanotech Corporation, any security holder of Cyanotech Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and footnotes 2, 3 and 4.
( 2 )The price reported is a weighted average price. These shares were bought in multiple transactions at prices ranging from $2.30 to $2.50, inclusive.
( 3 )The price reported is a weighted average price. These shares were bought in multiple transactions at prices ranging from $2.30 to $2.48, inclusive.
( 4 )The price reported is a weighted average price. These shares were bought in multiple transactions at prices ranging from $2.30 to $2.50, inclusive.
( 5 )Skywords is a 501(c)(3) charitable foundation, of which the Reporting Person and his spouse serve as the two directors. The Reporting Person should not be deemed to be a beneficial owner of the shares held by Skywords under Rule 16a-2, however, the shares held by Skywords are included here for purposes of complete disclosure and in light of such shares having been previously disclosed on previous Forms 4 filed by the Reporting Person.

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