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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy Common Stock) | $ 2.18 | (2) | 03/01/2025 | Common Stock | 100,000 | 100,000 | D | ||||||||
Restricted Stock Units | (3) | (3) | 02/28/2027 | Common Stock | 36,057 | 36,057 | D | ||||||||
Stock Option (Right to Buy Common Stock) | $ 1.52 | (4) | 11/14/2024 | Common Stock | 10,000 | 10,000 | D | ||||||||
Stock Option (Right to Buy Common Stock) | $ 3.25 | (5) | 07/28/2025 | Common Stock | 15,000 | 15,000 | D | ||||||||
Stock Option (Right to Buy Common Stock) | $ 2.51 | (6) | 03/08/2026 | Common Stock | 200,000 | 200,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ARMSTRONG JR. JOHN L. C/O CORMEDIX INC. 1430 U.S. HIGHWAY 206, SUITE 200 BEDMINSTER, NJ 07921 |
Exec VP of Tech Operations |
/s/ Alexander M. Donaldson, by power of attorney | 12/14/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Purchase was contracted on November 17, 2017, but not closed until December 12, 2017. |
(2) | The option vests based on certain performance milestones, subject to continued employment. The option will be forfeited if such milestones are not met by certain dates. |
(3) | Each restricted stock unit represents the right to receive one share of CorMedix Inc. common stock. The restricted stock units vest 50% on December 31, 2017 and 50% on December 31, 2018, subject to continued employment. |
(4) | These options vested upon the achievement of certain milestones, subject to continued employment. |
(5) | One third of these options vested upon the achievement of a certain milestone and one third vested on each of December 31, 2015 and July 28, 2015. |
(6) | 15,000 of these options vest monthly over four years, beginning on March 9, 2016, 20,000 vest upon the achievement of a certain milestone, subject to continued employment, and the rest vested upon the achievement of certain milestones. |