X0306 4 2017-05-22 0 0001245791 GI DYNAMICS, INC. GID 0001319750 Stuge Oern 355 CONGRESS STREET BOSTON MA 02210 1 0 0 0 Stock Option (right to buy) 2.33 2017-05-22 4 A 0 8000 0.00 A 2027-04-10 Common Stock 8000 8000 D The option grant was approved by the Issuer's board of directors on April 10, 2017, subject to shareholder approval, and by the shareholders of the Issuer on May 22, 2017. The option vests in a single installment on April 10, 2018. In the event of a change of control of the Issuer, the option shall become vested in full. The board of directors of the Issuer previously approved a stock option grant to purchase 30,000 shares of the Issuer, as reported in the reporting person's Form 4 filed on January 12, 2017. The option grant was subject to shareholder approval, which was not obtained. As such, the option was not granted. /s/ Nishant M. Dharia, Attorney-in-fact 2017-05-24