Pressure BioSciences (PBIO) Form 4 PRESSURE BIOSCIENCES / Kevin Pollack ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Pollack Kevin

(Last) (First) (Middle)

14 NORFOLK AVENUE

(Street)

SOUTH EASTON MA 02375

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PRESSURE BIOSCIENCES INC [ PBIO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option	$3.4	07/18/2018		A		4,500		08/18/2018(1)	07/18/2028	Common Stock	4,500	$0	4,500(5)	D
Non-Qualified Stock Option	$15	07/18/2018(2)		D			834	(2)	07/07/2022	Common Stock	834	$0	0(3)	D
Non-Qualified Stock Option	$3.4	07/18/2018(2)		A		834		(2)	07/18/2028	Common Stock	834	$0	834(3)	D
Non-Qualified Stock Option	$15	07/18/2018(2)		D			834	(2)	07/07/2022	Common Stock	834	$0	0(3)	D
Non-Qualified Stock Option	$3.4	07/18/2018(2)		A		834		(2)	07/18/2028	Common Stock	834	$0	1,668(3)	D
Non-Qualified Stock Option	$9	07/18/2018(2)		D			3,334	(2)	09/25/2024	Common Stock	3,334	$0	0(4)	D
Non-Qualified Stock Option	$3.4	07/18/2018(2)		A		3,334		(2)	07/18/2028	Common Stock	3,334	$0	3,334(4)	D
Non-Qualified Stock Option	$12	07/18/2018(2)		D			3,600	(2)	01/01/2026	Common Stock	3,600	$0	0(5)	D
Non-Qualified Stock Option	$3.4	07/18/2018(2)		A		3,600		(2)	07/18/2028	Common Stock	3,600	$0	3,600(5)	D
Non-Qualified Stock Option	$8.4	07/18/2018(2)		D			4,500	(2)	03/17/2027	Common Stock	4,500	$0	0(5)	D
Non-Qualified Stock Option	$3.4	07/18/2018(2)		A		4,500		(2)	07/18/2028	Common Stock	4,500	$0	8,100(5)	D

Explanation of Responses:

1. Non-qualified options vest 1/12th per month for 12 months, effective on the day of grant.

2. The reported transactions involved an amendment of an outstanding stock option, resulting in the deemed cancellation of the old stock option and the grant of a replacement stock option, which includes a new exercise price of $3.40 and a new expiration date of July 18, 2028.

3. 2005 Equity Incentive Pan.

4. 2013 Equity Incentive Pan.

5. 2015 Nonqualified Stock Option Plan.

	/s/ Kevin Pollack	07/20/2018
	** Signature of Reporting Person	Date
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