Dynavax (DVAX) Pops Higher as Executive Becomes Confident

November 20, 2012 11:31 AM EST
Dynavax Technologies (Nasdaq: DVAX) shares are higher following a notable Stock Option exercise disclosed Monday night.

According to a Form 4 filed with the U.S. SEC, President and Director J. Tyler Martin exercised a Stock Option to acquire 35,759 shares of Dynavax at $1.58 per share. Martin did not sell any of the stock following the acquisition.

The Stock Option was granted on February 19, 2010 with an expiration of February 18, 2020 and vested upon the completion of a performance goal, according to the filing.

Following the acquisition, Martin holds 222,089 shares of Dynavax.

Dynavax is up 7.8 percent on Tuesday's session.

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