-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BOdNmp0A0ackBJ30EGegDA2VLhVPQ01n6fhK7VxVPgtxFdepd1eY5hGWxWcYQhPO APcW6jppP1EEp0itY9Pc9Q== 0001082038-03-000023.txt : 20031217 0001082038-03-000023.hdr.sgml : 20031217 20031217200212 ACCESSION NUMBER: 0001082038-03-000023 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031215 FILED AS OF DATE: 20031217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: JIAN LI CENTRAL INDEX KEY: 0001273035 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31615 FILM NUMBER: 031061038 MAIL ADDRESS: STREET 1: C/O DURECT CORP STREET 2: 10240 BUBB RD CITY: CUPERTINO STATE: CA ZIP: 95014 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DURECT CORP CENTRAL INDEX KEY: 0001082038 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 943297098 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10240 BUBB RD CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4087771417 MAIL ADDRESS: STREET 1: 10240 BUBB ROAD CITY: CUPERTINO STATE: CA ZIP: 95014 3 1 edgardoc.xml PRIMARY DOCUMENT X0201 3 2003-12-15 0 0001082038 DURECT CORP DRRX 0001273035 JIAN LI 431 MATADERO AVENUE PALO ALTO CA 94306 0 1 0 0 VP Finance and Controller Common Stock 20481 D Incentive Stock Option (right to buy) 1.58 2004-02-10 2013-02-10 Common Stock 20290 D Incentive Stock Option (right to buy) 6 2001-08-21 2010-08-21 Common Stock 7000 D Incentive Stock Option (right to buy) 6.99 2002-04-24 2011-04-24 Common Stock 10000 D Incentive Stock Option (right to buy) 9.19 2003-02-11 2012-02-11 Common Stock 20000 D Incentive Stock Option (right to buy) 11.125 2002-01-02 2011-01-02 Common Stock 8500 D Incentive Stock Option (right to buy) (a) 1.58 2004-02-10 2013-02-10 Common Stock 20686 D Non-Qualified Stock Option (right to buy) 1.58 2004-02-10 2013-02-10 Common Stock 4710 D Non-Qualified Stock Option (right to buy) (a) 1.58 2004-02-10 2013-02-10 Common Stock 4314 D Includes 5,000 early exercised options shares that are subject to a right of repurchase, which right lapses on March 20, 2004. ISO/NQ Grants Dated 2/10/03 combined vests as follows: Vests at the rate of 1/4 of the underlying securities on each 12 month anniversary of the Grant Date. The option vests at the rate of 1/4 of the underlying securities on each 12-month anniversary following August 21, 2000 the "Vesting Commencement Date." The option vests at the rate of 1/4 of the underlying securities on each 12-month anniversary following April 24, 2001 the "Vesting Commencement Date." The option vests at the rate of 1/4 of the underlying securities on each 12-month anniversary following February 11, 2002 the "Vesting Commencement Date." The option vests at the rate of 1/4 of the underlying securities on each 12-month anniversary following January 2, 2001 the "Vesting Commencement Date." ISO/NQ Grants Dated 2/10/03 combined vests as follows: Vests at the rate of 1/8 of the shares subject to the option on each 12 months anniversary of the Grant Date and certain shares shall be subject to acceleration based on the achievment of certain peformance milestones. Jian Li 2003-12-17 -----END PRIVACY-ENHANCED MESSAGE-----