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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 4/6/20 |
| Issuer: |
| Issuer CIK: 768408 |
| Issuer Name: CYANOTECH CORP |
| Issuer Trading Symbol: CYAN |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1789253 |
| | Owner Name: Nordin Amy Beth |
| Reporting Owner Address: |
| | Owner Street 1: CYANOTECH CORPORATION |
| | Owner Street 2: 73-4460 QUEEN KAAHUMANU HWY #102 |
| | Owner City: KAILUA-KONA |
| | Owner State: HI |
| | Owner ZIP Code: 96740 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: VP, HR, Secretary |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/6/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 34 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 404 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/6/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | | Footnote ID: F2 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 13 |
| | | Transaction Price Per Share: |
| Value: 2.07 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 391 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F3 |
| | Transaction Date: |
| | | Value: 4/6/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 100 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Footnote ID: F4 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 706 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 706 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Represents the conversion upon vesting of restricted stock units into common stock. |
| Footnote - F2: No stock was sold. In connection with the vesting of 34 shares of stock, the Company withheld a total of 13 shares to satisfy a payroll tax liability incident to such vesting. |
| Footnote - F3: Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock. |
| Footnote - F4: The restricted stock units shall vest as to 303 shares on July 13, 2020; 33 shares on April 6, 2021; 303 shares on 7/13/21; 33 shares on April 6, 2022; and 34 shares on April 6, 2023, in each case subject to the reporting person's continued service with the Company on the vesting date. |
| Owner Signature: |
| Signature Name: /s/Laura L. Taylor, by Power of Attorney |
| Signature Date: 4/9/20 |
